Still a Bull Market
Based on the historicity of the market, we've got about ten month before any bears really starts to take effect. Looking at the monthly chart, most bear markets begin in the early/mid fall and last about two years.
This year with unemployment being at a 17 year low and relentless bull market in the past seven years, we'll probably get Santa Clause Rally and then a slight selloff into January and February, followed by a final wave of bullish exhaustion, a plateau in the summer months and the then markets will begin to sell off in a big way.
Support is around the $212 area, followed by $150 area.
Loving the bull market and will love the bear market just as much.
This year with unemployment being at a 17 year low and relentless bull market in the past seven years, we'll probably get Santa Clause Rally and then a slight selloff into January and February, followed by a final wave of bullish exhaustion, a plateau in the summer months and the then markets will begin to sell off in a big way.
Support is around the $212 area, followed by $150 area.
Loving the bull market and will love the bear market just as much.
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