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”: [Read more…]