Need to monitor next two month, then know if the market turns to a new bear market.
Down- trend of the US oil has not finished. The first buy point is the blue line cross over orange line of Stoch.
The market keeps up-trend because the bottom line of the Fed seems to drop 10%-15% of the stock market. By passed 5 years, we have seen the Fed used all ways to prevent the market plummeting. As a result, we can Buy every time dip and hold to new high until the policy city is not work. The dividing crest of bull and bear of S&P 500 is 1700.
The market needs a rally. After rebounded to 3956 (0.236), it perhaps drop again because the chart is very ugly.. I think it would have a panic sell-off on Monday,and then the market will have a nice rally when earning season starts next week.
From 2013 the bull trend started, we will see a new high when the market touch the yellow line. How about this time, a rebound or reversal?
Arrived FIB 0.382, and we can expect a rebound next two days. If the rebound is weak, sell, sell, and sell.
From the bull market starting in 2013, when S&P dropped to EMA(135), it would have a very nice rebound. Keeping eyes in the area.
All indices have reached their new high except for NASDAQ. We will see NASDAQ reaching its new high this year or next year.
The trend is still up from 2013 to now. Next goal is 1.272 (2017.) Let's see.
Sell on May! Currently, SPX 500 Weekly chart up and down in a small range 1890-1820. However, most stocks' charts look so ugly.
Volatility stop is a very useful indicator which tells us the long-term trend. The blue line of the chart is in up-trend,and the pink line is a down-trend. I also use Gann Square to tell us where the market is. By monitoring July, 2000 & October, 2007, the market dropped quickly in down-wheels, so we need very careful after the market enters next down-wheel. Sell...
The market is still very strong. I am not sure if the time can arrive FB 1.272 (1881.) If you a shorter, here is not a good short point, and still need to wait until a better entrance.