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Saturday, May 03, 2025 11:50:00 AM
US stocks will fall into a bear market in the coming months
Let's see how accurate this Senior technical analyst Tom DeMark prediction is!
If two new highs occur, the S&P 500 index potentially falls below the intraday low of 4835 in April, representing a 20% correction from the February high, thus entering a bear market.
https://longportapp.com/en/news/238629645
His creed is: the market peaks when good news arrives, and bottoms when bad news arrives.
This Friday, the S&P 500 index has risen for the ninth consecutive day, marking its longest rising cycle since 2004. According to DeMark's latest forecast, the market's recent peak may occur within a few days, and the current level of 5669 points for the S&P may exhaust buyers
https://demark.com/about/
https://finviz.com/futures_charts.ashx?p=d&t=ES
Let's see how accurate this Senior technical analyst Tom DeMark prediction is!
If two new highs occur, the S&P 500 index potentially falls below the intraday low of 4835 in April, representing a 20% correction from the February high, thus entering a bear market.
https://longportapp.com/en/news/238629645
His creed is: the market peaks when good news arrives, and bottoms when bad news arrives.
This Friday, the S&P 500 index has risen for the ninth consecutive day, marking its longest rising cycle since 2004. According to DeMark's latest forecast, the market's recent peak may occur within a few days, and the current level of 5669 points for the S&P may exhaust buyers
https://demark.com/about/
https://finviz.com/futures_charts.ashx?p=d&t=ES
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