MARket CONditions
F-Fund: 52% Bullish, for confirmation look for a breakout above the white circle within this 6-month window. Don't believe it's not possible to have an uptrend in both stocks & bonds at the same time.
C-Fund: 56% Bullish, this is still a bull-pullback. As such, consider the price decline to be forming a potentially sloppy bull-flag, looking for a close at or above 1323 by 16 March.
S-Fund: 60% Bullish, this is still a bull-pullback. As such, consider the price decline to be forming a potentially sloppy Descending Triangle. For confirmation, look for a potential break below the lower white line, followed some time later by a close above the upper white line.
I-Fund: 68% Bullish... On EFA look for a close above the 2 white circles, on UDN we've pulled back off a major double top, a breakout above the 2 white circles would bode well for the I-Fund.
Jason's thoughts: The MARCON paints an accurate picture of where the markets are at in their current conditions. With a Bull Market being the dominant long-term condition, I believe we are ripe to resume prices to the upside, starting next week. Ending this last week, I'm more optimistic these markets have 1. Put in the low last Friday, or 2. will put in the low this Monday then resume the uptrend. We can put in a lower low on Monday, and close above Friday's close and my analysis still plays out. Prices should have fully digested the triad of news by EOB Monday, this should provide stability to the "unknown" factors scaring out investors.
