All indexes are in uncharted territory and analysts are trying to find targets in the monthly up trends. My monthly triangles have question marks in correctness and should be seen as experiments.
The impressing monthly charts are definitely in the long term last wave but I do not know of any technical way to foresee the end. I have shown Golds monthly uptrend which ended with a huge last month bar after having behaved the same way many of the stock indexes move now. The monthly indexes does not show any weakness so far. The up trends since 2011 are unchanged and the investors should still keep their positions. Not until the 8 MA:s get a bar below this MA the trends are up which is the case after May's close. What I would like to see is before the end of the bull market is a break out of the monthly channels on up or downside.
Here is SP500 monthly chart in line and bar. See the bull market top 2000 and 2007 and the following bear markets and compare current bull market from 2009.
May 2014 close line
May 2014 close. Eye the rising 8 MA
The impressing monthly charts are definitely in the long term last wave but I do not know of any technical way to foresee the end. I have shown Golds monthly uptrend which ended with a huge last month bar after having behaved the same way many of the stock indexes move now. The monthly indexes does not show any weakness so far. The up trends since 2011 are unchanged and the investors should still keep their positions. Not until the 8 MA:s get a bar below this MA the trends are up which is the case after May's close. What I would like to see is before the end of the bull market is a break out of the monthly channels on up or downside.
Here is SP500 monthly chart in line and bar. See the bull market top 2000 and 2007 and the following bear markets and compare current bull market from 2009.
No comments:
Post a Comment