Rule-Based Trading Systems

[northam43]

The key on the monthly is the EMA 3/8:

If a new monthly cycle starts on June 1st, watch the monthly EMA 3/8. If a bearish crossing gets confirmed on the monthly EMA 3/8 a new bear market would be underway lasting several months in Phase I (the down trend).

However, If NO monthly EMA 3/8 crossing is made and the monthly goes back into phase II (the up trend), then the bull market more than likely continues for another 11 to 22 months. This is what I think is the more likely scenario at this time. If a new monthly cycle starts on Jun 1st.