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Stocks Bear Market Rally End It’s Close… very close

Stock-Markets / Stocks Bear Market Mar 08, 2016 - 04:57 PM GMT

By: Ed_Carlson

Stock-Markets

The biggest rallies occur in bear markets and equities have had an impressive run after leaving behind a double-bottom in January and February - but the “end is near”.  In election years, March is a seasonally strong month for equities but this year, the March rally got started early in the first half of February. Several signs point to a top either last Friday or sometime this week.


On Friday, the Dow closed at the 61.8% retracement of the November-January decline. In addition, this level makes the February rally equal to 150% of the January rally.  Either level would be reason enough to expect a top but the two together make for meaningful resistance.

A 6 month cycle high is due this week and a micro-cycle high is expected near Thursday. Even the Bradley Model is calling for a turn near this Friday.

Try a "sneak-peek " this month at Seattle Technical Advisors.com

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent trader, consultant, and Chartered Market Technician (CMT) based in Seattle. Carlson manages the website Seattle Technical Advisors.com, where he publishes daily and weekly commentary. He spent twenty years as a stockbroker and holds an M.B.A. from Wichita State University.

© 2016 Copyright Ed Carlson - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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