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
- Confused Hamas Demands Truce But Only On Its Terms | ZeroHedge
- Actually Apple's Net Cash Hasn't Grown In Two Years | ZeroHedge
- Mike Bloomberg: "Israel Is Safe And It's A Great Place To Visit" As FAA Extends Flight Restrictions | ZeroHedge
- Europe's Proposed Russian Sanctions Leaked: Full Report | ZeroHedge
- World Oil Production – Where Are We Headed? | Financial Sense
- Weekly Initial Jobless Claims and the S&P 500 | Financial Sense
- "Authenticity Is As Rare As A Unicorn In Today's Politically-Motivated Markets" | ZeroHedge
The most relevant financial news and articles from the Internets
- Was Apple's Demolition of BlackBerry 'Click Bait' or Did It Actually Happen? | TheStreet.com
- South Korea Unveils $40 Billion Package To Boost The Economy | Business Insider
- How A 61-Year-Old Granddad Got Life In Prison For Selling Pot A... | Business Insider
- Former Employees Sue Apple For Unpaid Wages | Business Insider
- Dick's Sporting Goods Cuts 400 Jobs Since Americans Are Less... | Business Insider
- Pro-Russia Militant: We Shot Down The Malaysia Airliner | Business Insider
- Facebook Crushes Earnings And The Stock Soars To An All-Time High (FB) | Business Insider