The pattern I stumbled on is a classic head-and-shoulders pattern. In this case, it is calling for a sharp decline — and soon.
There’s still no shortage of bad news, but the S&P 500 Index has recovered. Does this mean the bears were wrong? Some testing shows that they probably were.
The CBOE S&P 500 Volatility Index (VIX), aka the fear index, fell below 10 this week — its lowest level since February 2007.
In 2016, a technical signal told me the stock market was going to keep rallying — and it did. Now that same signal is flashing the rally sign again.
Many traders say that unless the Dow Jones Industrial Average falls by 20%, we aren’t in a bear market. That’s a little too simple.
Fundamentals change slowly. That’s why the stock market is little changed most days. But in the long run, those boring days add up to big gains.
We could be enjoying a bull market that might last until 2028, and over the next 11 years, the Dow could reach 60,000. It won’t go straight up, though.
It’s a simple market timing rule — when the Federal Reserve raises rates three times, stocks fall. Now it’s time for the stumble … or is it?