So far I don't see anything from a Hurst perspective which would suggest that. You may be right but the situation in present time is that we have not failed to overshoot an upside FMA target and we have continues to have Right Translated highs.
As thing stand now we remain in a bull market with no indication of any possible change. of course that is just from a Hurst perspective. I have no idea so far as any other indicators may be concerned.
If there is to be a bear market it doesn't look as if it will be that radical. The 20 week FMA is flat now and suggesting a possible trading range is developing. The 40 week is still sloping up but would not necessarily generate a target below the 80 week FMA so there is no sure cascade.
Right now I see us at the first 5 week low out of that 20 or 40 week low. It should be today, Tomorrow or Thursday. So far the drop into that low has not generated a downside target on the 1.25 week. If it does it will cascade through the 2.5 and 5 week to about 1800 which would be just short of a 0.618 retrace of the move out of the 20/40 week low. Given that the 10 week and 20 week FMA's are flat it may at that point set a bottom for a a trading range with the current highs being the top of the range.
So that's what I see right now. To sum up we are still very much in a Bull Market and there is currently no indication of any change in that (Hurst wise). if it were to change the indications would suggest it will set a trading range than a real decline.
News 
Market Data 
Discover 
AI
