• 526 days Will The ECB Continue To Hike Rates?
  • 526 days Forbes: Aramco Remains Largest Company In The Middle East
  • 528 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 928 days Could Crypto Overtake Traditional Investment?
  • 933 days Americans Still Quitting Jobs At Record Pace
  • 935 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 938 days Is The Dollar Too Strong?
  • 938 days Big Tech Disappoints Investors on Earnings Calls
  • 939 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 941 days China Is Quietly Trying To Distance Itself From Russia
  • 941 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 945 days Crypto Investors Won Big In 2021
  • 945 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 946 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 948 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 949 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 952 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 953 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 953 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 955 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

What's Next... Will We Have a Rising or Falling Market? - Update

The most important market test of the past two months is NOW facing the market.

Note how the market Strength has behaved on our C-RSI, 30 day indicator. It has been in a down trend since April, and it has been in Negative Territory since the end of July. That has translated into a DOWN condition for the market during the past few months.

Is this about to change?

What happens within the next few days to the C-RSI's level will determine what happens next in the stock market.

This describes the BIG test coming up and what has to happen for the market to rally:

On Wednesday of this week, the C-RSI made progress and closed above the resistance line. NOW the C-RSI is at the important juncture of seeing if it can move above the red zero line. If that happens and holds on any retesting, the market will begin a new upside rally.

(A note for Advanced and Standard subscribers: Please be sure to read the Standard site's Special Chart section, Chart 2 today. It shows you a very important study on the SPY versus the VIX, versus the Institutional daily Buying and Selling amounts on a daily basis. It will tell you exactly where Institutional investors are now, relative to their trust and commitment level in the stock market.)

CRSI 30 Chart

 

Back to homepage

Leave a comment

Leave a comment