Replies to post #5159 on E-Wave for the S&P 500 Index

[jxyzobrien]

death of the QT bear
Bear markets do not last long and have a cause and a cure

World banks started QT to kill inflation and this caused the Bear market

Now that QE has been back since the bank of england crisis creating the new bull

There should be confirmation of this in market charts and activity
First bear market rallies are violent and short lived then give it all back.

Bull markets trickle up and last a long time

Anytime a rally lasts longer then fib .50 top to bottom and trickles up
and pullbacks are weak that is a bull market.

BT would say that aint no kind of bear i ever seen,

[RCKS]

"We're still watching 16223 in NYA closely"

http://www.pretzelcharts.com/

"SPX cleared its most recent high on Friday, as did NYA, putting NYA closer to its significant level (blue (C))."



"SPX may have cut its last fourth wave a bit short -- though could still form an expanded flat to create a larger fourth wave:"



"And last but not least, COMPQ is finally back testing the very long-term trend line we've been watching for a year or so:"



"In conclusion, not much to add to the past few updates. We're still watching 16223 in NYA closely. Don't forget today is a short session, and have a safe and enjoyable Fourth of July. Trade safe."