Well, since folks love to use the term "Trump rally", i thought i would use the term "Trump impeachment channel" for the long term controlling channel. Currently the channel lies around SPX 2500. If SPX 2500 breaks, it would be a full fledged bear market. You can forget about any subsequent new highs, if that happens. As long as S&P trades above 2500, the bull market is alive and well. Well, firstly i don't like the term "Trump rally", as it would assign the stock market rally causality to politicians. If the 40% rally in 2017 was the Trump rally, then the 200% rally off the SPX 666 lows should be called the "Obama rally". We know both are not true. The Trump impeachment talks have been going on for over an year. As long as the stock market trades above that long term channel, i would say "Forget it !". No impeachment will occur until the social mood turns sour and the market enters a bear phase. Right now everybody is ...
These are the trends in various timeframes based on a objective trend identification methodology. No "If"s and "But"s are allowed. LONG TERM This controls the long term trends which runs for years, mostly good for investors. To me this is the timeframe which determines bull and bear markets. Currently BULLISH Will turn bearish approximately around 2500 level. Will publish the exact level, if and when we break 2500. INTERMEDIATE TERM This controls the medium term trends which run for weeks to a few months. Trading in the direction of the intermediate term trend offers the highest risk/reward and path of least resistance for short and medium term traders. Currently BEARISH Will turn bullish approximately around 2760 level. Will publish the exact level, if and when we break 2760. SHORT TERM This controls the short term trends which runs anywhere from 2 - 15 days. These signals can change quickly and for nimble short term traders...
Thanks, Nav. I'll be following you here.
ReplyDeleteI second here, Nav. will follow you as well.
ReplyDeleteMany thanks NAV
ReplyDeleteHey NAV, any price point level you looking to get short today?
ReplyDelete