Markets are quickly improving and changing character after a 12-month bear market, signaling that we could be very close to the trend change that we have been waiting for. The S&P-500 is trading back above it’s (declining) 200-day moving average, a level that coincides with the descending trendline from the start of the bear market. The increasing health underneath the market in terms of net highs and other breadth indicators suggest that this level will hold and continue to the upside.
The Next Market Leaders - 1/16
The Next Market Leaders - 1/16
The Next Market Leaders - 1/16
Markets are quickly improving and changing character after a 12-month bear market, signaling that we could be very close to the trend change that we have been waiting for. The S&P-500 is trading back above it’s (declining) 200-day moving average, a level that coincides with the descending trendline from the start of the bear market. The increasing health underneath the market in terms of net highs and other breadth indicators suggest that this level will hold and continue to the upside.