S&P Futures: Mind the "Bull Market" Gap for CME_MINI:ES1! by PrepForProfit

trendanalysis indicator chartpattern gap sp500future spx500

Is this the proper way to start a new bull market? Asking for a friend...

-Home prices relative to income are higher than during the peak of the 2008 financial crisis.

-62% of new homebuyers are having trouble paying their mortgages.

-Some cities already seeing a rollover in housing prices with a rise in inventory.

-Investors are leaving the housing market.

-Commercial real estate is busting.

-Hotel developers are broke.

-Total credit card debt has crossed $1 trillion for the first time ever.

-Credit card delinquency rates are rising.

-7 stocks are responsible for all of the gains in the SP500 this year.

- Student debt payments are about to resume putting more pressure on cash-strapped consumers.

Good luck out there in this new "bull market". I suspect that the gap will be filled sooner rather than later, especially with that lower TDI indicator showing the RSI above its upper Bollinger Band.

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