naveen31491

MACRO BOTTOMS

Long
SP:SPX   S&P 500 Index
WHY?
I worked lately on finding the macro tops and bottoms. The reason why was to always have macro signals in mind before deciding to buy/sell a single stock as the macro always influences the price trend for individual stocks. This idea talks only about the Macro bottoms. Be on the look out later for finding Macro Tops!

HOW?
You can see when the first buy signal (GREEN TRIANGLE-UP) is flashed, it indicates the start of bull trend is looming around the corner. When you get the second buy signal (GREEN DIAMOND), it indicates the start of a bull trend in all the bear markets.

PREDICTION?
We have now got the (GREEN TRIANGLE-UP) first Buy signal. This could indicate the bull trend could be around the corner. BUT, we still need to wait for the (GREEN DIAMOND) second buy signal to confirm the bull trend. Usually in a week or max 4 weeks from the first buy signal, we probably can expect the second buy signal to flash. Well, since it has been two weeks since the first buy signal has flashed, based on past history, there is a probability for the second buy signal to flash by March 17, 2023.

If the second buy signal does not flash by March 17, 2023. Then, I think we should wait until we get the second buy signal for the bear market to be over.


Do you think we will get the second signal by March 17, 2023?
Comment:
The second signal - GREEN DIAMOND flashed on 04 March 2023. If market does not go down on Monday 06 March 2023, the second signal will become permanent and this indicates the start of the bull run based on historic price action.

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