- Jan 3, 2019
Is the Bear Market in Sight?
In October, I am on record saying that we are in a bear market, as dictated by the 200-day moving Average (MA) indicator. This occurred on 10/23/18, when the S&P closed at 2,753.25, and on the 24th when the Dow Industrial closed at 24,583.42. Critically important, and it is like and night and day, is that this happened when the 200-day MA was “sloping downward”, and the S&P 500 and the Dow Industrial both closed below the MA. The other long term (technical) indicator, that is