Thursday, May 26, 2022 11:43:54 AM
monthly normal long term market behavior
bull really to rsi +70
then when the bull is dead pull back to monthly 20da ma pause
then fall below monthly 20da ma and then return to 20da ma and fail there
spx 4179
next fall to 50da ma. when that becomes support bear is dead
the 2008 bear deviated from this trend
this bear is counting out in 5 waves
now in wave 4 up
bull really to rsi +70
then when the bull is dead pull back to monthly 20da ma pause
then fall below monthly 20da ma and then return to 20da ma and fail there
spx 4179
next fall to 50da ma. when that becomes support bear is dead
the 2008 bear deviated from this trend
this bear is counting out in 5 waves
now in wave 4 up
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