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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

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    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.

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