7 replies to this topic

[Bearearns]

I believe 5/1/2019 is the start of a bear market. By bear market I quantify it with 25% correction at least. The characteristics of the market recently gave me signs that bull market thesis was off and when I look into the why the answer is because the game changed

[Bearearns]

Short with stops between 294x to 295x

[OEXCHAOS]

It's not acting like a Bear Market.

My tools say this is a Bull and that the top isn't in. This is just a correction.

 

M

[redfoliage2]

Maybe people with power are following the adage "Sell in May and go away"......................

[tsharp]

It's not acting like a Bear Market.

My tools say this is a Bull and that the top isn't in. This is just a correction.

 

M

 

My work concurs with yours, Mark, this market action is part of an IT topping process, or it has rolled over short of my target, but the LT bull market is firmly in tact.

[LMF]

Today is the 5th pushdown on TQQQ 60 minute chart since April 26......it's looking very corrective now.  They got it down to the bottom of the channel since the December lows.  But easily above the rising 40 day MA.....there ain't no bear market here at all yet.  Way too many NHs on the SPX advance decline line this year so far.  Retraces on the pushdowns are way too big.....

Edited by LMF, 07 May 2019 - 11:13 AM.

[OEXCHAOS]

Good stuff guys. Cumulative A/D was just off it's highs, too. Plus, the RUT was actually up yesterday. Relative strength in the RUT isn't very consistent with a Bear.

[Bearearns]

2809 spx is first possible buy spot or cover spot rather