The Bear 500!!!

The Bear 500 broken​

Today we saw our S&P 500 close above the 500 Day Simple Moving Average.

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Take care... Jason

 

[KevinD]

WOW! :nuts:

 

[Birchtree]

I think we may have taken out the 2007-2008 downtrend line resistance area today. That's got to drive the chart slaves with a bearish slant - crazy.

 

[JTH]

Birchtree I would say

Daily yes
Weekly no, but close,
Monthly yes

Of course this is using a standard chart, a log scale chart could show different results.

 

[James48843]

But will it stand?

Or is it simply the calm before the storm?

 

[CapeChem]

I know you never look at just one thing but the S&P has a huge effect on my money.....how can i look at that chart with 15 years of data and not think we are just starting the next leg up?

 

[Frixxxx]

I hope it is a leg up...I just want to know when the next retreat will be so that I'm out ahead of the trend instead of knee-deep in double percentage losses.

 

[James48843]

And where are we now?