sdembis

SPX Monthly - "Buy on the rumour ... ?"

SPCFD:SPX   S&P 500 Index
The earliest a 'b' wave could be put in place in a larger (Macro) 'a-b-c' correction would be next month (April fools day?). 'V' bottoms are the exception not the rule.
Long term momentum measures will not show any short term counter-trend reaction until the 'b' is put in place, i.e. they will still be on a downward trajectory, albeit shorter in measure IF the market continues to rally.
Bottom line: There is no evidence at this point that a longer-term bottom is even remotely in.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out