Mar 7, 2026
Update
More of the same mess, but the price and market breadth turned lower. If you look at other indices like SPXEW,DJ,DAX it is obvious that the top is in and decline has started.
It is difficult to pin point a pattern and the exact path in this mess - the idea is the index is in the middle of the second leg lower which should complete around support the previous low in November.
Adding trend lines and support to the current pace and timing and it looks like this for the next important low early summer June/July.
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So, it's just a small reversal, not a new multi-year bear market, and all indices will continue to rise? But what's the motivation after six years of continuous gains?
ReplyDeleteNo, the market is turning lower into 4 low.
DeleteWhat 4?, 40 weeks o 4 years low?
DeleteToday is a better position for 5w low than last week?
ReplyDeleteThe market is heading into 20w low last week was just 20d low
DeleteWhich of the stort term paths is most likely given yesterdays move and the overnight session? Thx
ReplyDeleteEither it is complete or there is one more low.
Delete20w low is more likely
ReplyDeleteIt is possible, but another low will not surprise me.
DeleteLook ASX, more clear, 10w low 6 February, yesterday 5w low
DeleteOverall 20w low in March and 20w high second half of April - https://invst.ly/1g0tlc
DeleteBut you don't expect the 20w high in April to reach new ATH?
DeleteThere is no guarantee - look at 12.2024-02.2025
DeleteIt is part of the decline, but still made a new high... and plunged heavily.