Start of the new BULL MARKET? No, not as yet....

SPX is way above its upper BB, so perhaps a pullback will be in order to catch its breath sooner than later:

buy the dips ... in this blowoff ... until it does not work, keeping multiple stops below market for big size longs

Start of new bull market?  The bull market that began in 2009 never ended:

 

These Bull Market/Bear Market debates are always a bit silly, but also always fun.

To MY way of looking at things, we've had not one but TWO Bear markets since 2009. I might add that for me, all that's important is, "Is the market acting like, or likely to act like it's in a Bear Market". Otherwise, I don't really care, though, technically, I call any decline in excess of 20% a Bear market.

Mark

 

Start of new bull market?  The bull market that began in 2009 never ended:

 

 

These Bull Market/Bear Market debates are always a bit silly, but also always fun.

To MY way of looking at things, we've had not one but TWO Bear markets since 2009. I might add that for me, all that's important is, "Is the market acting like, or likely to act like it's in a Bear Market". Otherwise, I don't really care, though, technically, I call any decline in excess of 20% a Bear market.

 

Mark

 

Of course... it's always a matter of perspective, and I defined bull markets and bear markets by momentum:

 

 

Start of new bull market?  The bull market that began in 2009 never ended:

 

 

These Bull Market/Bear Market debates are always a bit silly, but also always fun.

To MY way of looking at things, we've had not one but TWO Bear markets since 2009. I might add that for me, all that's important is, "Is the market acting like, or likely to act like it's in a Bear Market". Otherwise, I don't really care, though, technically, I call any decline in excess of 20% a Bear market.

 

Mark

 

 

Of course... it's always a matter of perspective, and I defined bull markets and bear markets by momentum:

 

 

 

My biggest concern is, will my bottom spotters work? In a Bear, they won't, without a TON of things falling into place.

Mark

I realize there's still half of the month left, but just a quick heads-up that the momentum indicator on the monthly SPX is attempting to turn back upward after finding support on a latent DTL:

Edited by tsharp, 12 October 2020 - 03:20 PM.

Ok I'm stuffed been a great day and I continued to add to this short right up to the high of 3540, gonna pay out nicely I believe by the end of the week even if its only a few dollars, average short now 3490! 

Quiet board this morning everyone must be nervous lol!!  Added a bit more overnight so my short is now at 3499.  This is turning out to be my biggest trade of the past couple months 3499, but I'm still not giving up, I've never seen volatility not show up, unless of course after a huge correction lol!!