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
- Global Stocks Unchanged; US Futures Rise Above 2,100 As Traders Celebrate Memorial Day | ZeroHedge
- Dow Dumps Into Red For May As Oil Fails To Hold $50 | ZeroHedge
- Former Morgan Stanley Chief Asia Economist: "Don't Listen To The Ruling Elite, The World Economy Is In Real Trouble" | ZeroHedge
- Electronic Voting Machines & Why Voters Should Be Suspicious Of Every Election | ZeroHedge
- “Road Trains” Are Ready: Who Wins, and Who Loses? | Financial Sense
- Trump Slams "Sleazy" Media Over Donations; "Stop Using Veterans As Political Pawns" | ZeroHedge
- Peak Insanity: This "Trophy Apartment" In Manhattan Is Going For A Cool $250 Million | ZeroHedge
The most relevant financial news and articles from the Internets
- Chinese stocks are on the brink of joining an important global club — and... | Business Insider
- Here's the song Trump University sales people were instructed to play during... | Business Insider
- Stocks are lower (SPY, SPX, DJI, IXIC, QQQ) | Business Insider
- The market as we know it is 'crumbling' | Business Insider
- I started posting personal updates on LinkedIn — here's what happened... | Business Insider
- Burger King has unleashed its latest weapon in the fast-food wars | Business Insider
- Millennials, Twitter and Deutsche Bank: WHAT YOU NEED TO KNOW ON WALL STREET | Business Insider