S&P 500 Rally Over - Bear Market Returns
Since the S&P 500 target was met Friday, and upon careful review, it is clear that the rally up from the October 2011 lows is now over.
The analysis of the mathematics (specifically the geometric patterns in combination with the symmetry) indicates strongly that the rally ended on Friday. Therefore, the bear market is anticipated to resume from this point.
Next week, a sharp pullback is to be expected down to the 1289-1295 level. Ongoing negotiations with Greece and resulting confusion are likely reasons why this would occur on a fundamental basis. February looks somewhat choppy overall.
Expect a full blown bear market from late February onwards and particularly March.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- The Oscars – Gold Plated And Debased Like The Dollar | ZeroHedge
- Charts Of The Week: 10 Reasons To Be Cautious In This Market | ZeroHedge
- The European Debt Bomb Fuse Is Lit! Target2 Imbalances Hit Crisis Levels | ZeroHedge
- New Declassified CIA Memo Presents Blueprint for Syrian Regime Collapse | ZeroHedge
- Pound Tumbles On Report Scotland May Hold Second Independence Referendum | ZeroHedge
- North Korea Hacking Spree: Is Blockchain the Solution? | Financial Sense
- The Reflationary Window: Open How Wide For How Long? | Financial Sense
The most relevant financial news and articles from the Internets
- White House: Trump wasn’t elected 'to spend his time... | Business Insider
- Here's everything we know about Nintendo's new $300 console... | Business Insider
- Arkansas lawmaker tries to remove Clinton’s name from... | Business Insider
- Here's why the Academy Awards are nicknamed 'The Oscars' | Business Insider
- How Hollywood hitmaker Judd Apatow thinks about tech changing the business | Business Insider
- Both credit risk and interest rate risk should be critical to investors... | Business Insider
- Viola Davis delivers a powerful and historic Oscars acceptance speech | Business Insider