Bear Market Resuming?

[vand]

Uptrend support was already violated a while back, so retracement to the 38% Fib was always a high probability... now that we are there the S&P really needs to bounce from here @4200 for the bull case to be kept intact, otherwise it's likely we're heading down to a lower Fib retracement:

[MrFoolish]

So are you buying or selling?

[vand]

So are you buying or selling?

Yes I am buying or selling

[GoSeigen]

Anyone else in the mood to YOLO? I've been impatiently waiting for banks to go, and today it looks like CBK is finally breaking out of an eight-month consolidation.

GS

[GoSeigen]

today it looks like CBK is finally breaking out of an eight-month consolidation.

Hmm, spoke too soon? Always worth waiting for the weekly candle to complete. Perhaps this is another buying opportunity. Income to treble this year -- I can't understand what the market doesn't like about that, it clearly really really hates banks.


GS

[GoSeigen]

I finally increased my exposure to CBK on 12 Mar 2024. Banks have been outperforming this year. Long may it continue.


Where is the promised bear market?

GS