seine

$SPX - perhaps we are hitting the top for another bear market

INDEX:SPX   The Standard&Poor's Index
672 8 15
Coppock indicator has been right in predicting the tops in the past two cases. Whenever there is a second peak which is lower than the previous one, it is typically a signal for impending bear market. If the SPX             continues a ranging action, it would be a confirmation of the end of the bull market
I continue to observe increased negative divergences between stock prices to rise and indicators that I follow. The sharp rise in recent weeks was parabolic and left several "gaps", days when the indices opened to a value higher than the previous day's closing leaving a space. The parabolic ascents do not end well and this will be no exception. There relevant gaps in the S & P500 in 1905 points, the Dow Jones in 16,401 points and the Nasdaq 100 in 3872. This tells me that the indices will fall substantially in the next relevant decrease for at least these values, then possibly exceed the minimum of 15 October.
The S & P 500 has strong resistance at 2,094 points and the Dow Jones in 18,300 points, the indices can not reach these levels.
The reversal may begin soon, problably in the beginning of January 2015.
+2 Reply
seine Leo.Ash
would you mind putting up some of the indicators you follow into a chart and publish?
Reply
Could get ugly from here...
http://crm.usmarkets.nl/images/mailings/2014-11/15112014_sp500.jpg
+3 Reply
seine gunne821
I agree with you. This broadening top can be seen in DIA as well.
Reply
Correct. Same pattern there.
+1 Reply
HI. Thanks for sharing. I also like the use of Coppocks on Monthly chart rather than other time frame as may make the mistake. Excellent chart.
+1 Reply
seine DanV
You welcome :)
Yeah, there were a lot of whipsaws and wrong signals in the shorter term charts. Thank you for your compliments.
Reply
YW.
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