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Replies to post #64975 on S&P 500 & Nasdaq Analysis and Trends
11/19/18 9:37 AM
Based on the forces of Supply and Demand, the market decline that followed the September 20th high has displayed few of the characteristics found in the early stage of a bear market, but has been consistent with a normal pause in an ongoing bull market. Overall, the decline has lacked signs of either intense buying or selling with only one 90% Down Day (October 10th) and no 90% or consecutive 80% Up Days. Nonetheless, there have been persistent signs of a positive trend in Demand.
All these signs of an improving trend in Demand over the past month are consistent with a market correction and unlike the rapid rise in Supply and decline in Demand that typically occurs during the start of a bear market. There are, however, ongoing signs this bull market is beginning to age, primarily through weakness among small cap stocks.
