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One characteristic of a bear market is that weekly PPOs do not move through centerline resistance. While countertrend rallies are normal, bullish momentum doesn't last long enough for weekly PPOs to turn positive. It never happened during the 2000-2002 bear market and it never happened during the 2007-2009 bear market. Currently, the weekly PPO is nearing its centerline resistance, as reflected below on the S&P 500 chart:
https://d.stockcharts.com/img/articles/2019/02/1550669681777753498628.png
This is it. If the bears hope to regain control of market action, now is the time. The above chart is the most bearish case I can make for the S&P 500 right now. In each of the past two bear markets, the weekly PPO never turned positive and the weekly RSI never moved above 60.
The red circle above shows congestion in 2016 as this same type of market configuration developed. I expect we could see the same kind of consolidation with false upside breakouts and false downside breakdowns. The stock market is never easy, so consolidation at the current level would likely confuse the most market participants. Based on that alone, this is our probable short-term path.
http://schrts.co/FJBJTIUA
$NDX 30 MIN DAILY WEEKLY MONTHLY
https://www.stockcharts.com/def/servlet/Favorites.CServlet?obj=1401935,26&cmd=show&disp=e
TQQQ 2ND MOUSE AREA
http://schrts.co/PbgAUdNB
I would ask stock charts to add 5th item under SHARE
Call it IHUB
No info at all
I have an extra account
If I had a pro account, I would give them a call
Trend1 - did you see written information
at any website or blog or email or PM that chart
pictures as Posts at IHub would no longer
work in the future?
Thank you and happy New Year!
I have only recently discovered that all prior Posts
containing Chart Pictures also no
longer display the Pictures.
TQQQ 4 MONTHS
http://schrts.co/EKH9NF
NAS 100 SORT POS
https://www.stockcharts.com/def/servlet/ScanUI
TQQQ 4 MONTHS
http://schrts.co/593tZ6
TQQQ 4 YEARS
ART HILL says the best trend following system is PPO(50,200,1)
http://schrts.co/7k7NqJ
ABOVE ART HILL'S BEARISH CALL of OCT 12, 2018
DATE 10/19 10/22 10/23 10/24 10/25 10/26
CHARTS 8 3 3 7 7 5
WEEDS 0 0 0 0 0 0
SP500 267 242 223 119 177 138
SP400 220 200 170 103 138 92
SP600 293 301 269 140 222 173
TSE300 142 131 113 80 78 71
NDX100 6 22 18
ABOVE CHARTIST'S BEARISH CALL of OCT 24, 2018
DATE 10/25
CHARTS 24
WEEDS 10
SP500 402
SP400 324
SP600 517
TSE300 125
NDX100 93
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