Upcoming Bear Market Bounce If We See a Close Above $3800
After a month and a half sell off the market looks to be eyeing a another large bounce before reversing again due to broad economic conditions. A daily close above $3800 in the next week or two will confirm this. $4100 will be our predicted bounce height.
Our MACD lines have crossed positive today, as well as our -DMI line crossing below our ADX trend line.
But... if our ADX crosses below 20 the bounce will be invalidated and signal a peak.
Our MACD lines have crossed positive today, as well as our -DMI line crossing below our ADX trend line.
But... if our ADX crosses below 20 the bounce will be invalidated and signal a peak.
Comment:
Closing above $3800!
Comment:
Hold on tight boys, commencing bear market rally now until the end of December!