10 replies to this topic

[dougie]

And if this next up leg takes us to 2134.

SPX remains in a bear market, the deep retrace notwithstanding. We may have seen the top last week. The hourly on SPX remains bearish. Monthly remains bearish. Daily has to turn down yet.

 
Let's see.  How about the weekly?  We have VOLUME OFF THE TOP... 3rd Lower High... judge for yourself as to what the outcome is likely to be...
 

 
 
 
As long as we don't have a monthly close above SPX 2120, the logical resolution is a break below Feb 2016 lows in the coning months. My opinion has not changed in that regard. That's why i believe that stock "Investors" should remain in cash.