The Game is Won or Lost in the Trenches

JC Parets
August 3, 2022

New Bull Market or just a Bear Market Rally?

That's the question I keep seeing.

And it's a fair one to ask.

Thanks to everyone who made it live last night for our Monthly Charts Strategy Session.

With a few breadth thrusts in recent weeks, and a little preview of what a weaker dollar could do to this market, we had plenty to talk about.

This question included: New Bull or Mean Reversion in a Bear?

I think the S&P500 tells an interesting story. You've got that massive top that formed throughout the past year, completing with a break of support this Spring.

And after further selling, the bounce has brought it back all the way to the neckline. These are the "trenches":

Former support turns into resistance. Those polarity principles came into play earlier this summer and now here it is once again.

Can S&Ps clear that 4200, invalidating any bearish implications of this "top"?

Or does it just roll over here putting an end to this quick bear market rally?

We tried to answer this question last night in our Monthly Charts Strategy Session.

This is an important one. You won't want to miss it.

Premium Members can click here to watch the video and review the chartbook.

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