Equities: Bear markets with violent rallies

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    SP500 The following is a change from last week. For the SP500, cycle wise Jan 20th looked like it was the Primary cycle trough. cycle that started on Aug 24th. However, Feb 11th was a slightly lower low than Jan 20th. Feb 11th was either a double bottom to the Jan 20th nominal 18 week cycle low or Feb 11 is the start of the start of a new 18 week cycle and Jan 20th was a double bottom. The distinction is important. If Jan 20th is the nominal 18 week low then the Feb 11 low is very bearish.

    Continue reading...

Share This Page

free forex signals