IS Rally in S&P is Bear Market or Bull Market ?

By | April 8, 2009 6:04 pm

This chart is a simple, weekly chart of the S&P 500 showing the end of of the last Bear Market compared to where we are on this one.

The last Bear Market ended when the S&P broke a trend line to the upside, AND when its C-RSI (Relative Strength) reading went positive.

Now in the current scenario S&P is still not able to cross the Trend line and C-RSI is in neagtive region which adds to the fact that we are still in Bear market and it is a bear market rally.

Now, look at where we are and forget what the TV pundits and analysts are telling you.

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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