Jordan Roy-Byrne: Bear Market Rally Before Stock Market Crash
The Daily Gold, Released on 6/27/22
The S&P 500, after rebounding from its 40-month moving average is now enjoying a bear market rally. The potential upside target is the 200-day moving average. In 6 historical bear markets and others, the market rallied up to its 200-day moving average before declining to much lower levels. The average time during the bear market when the S&P tested its 200-day moving average was 7 months in. I did not yet calculate the market downside after those tests.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.
Jordan Roy-Byrne: Bear Market Rally Before Stock Market Crash added by Herman James on 06/26/2022View all posts by Herman James ?+'