"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 14 hours Gold Selloff Continues As Dollar Climbs Higher
  • 15 hours Gold Investors In A Frenzy Over Sunken Russian Warship
  • 16 hours The New King Of Electric Cars
  • 17 hours BlackRock Goes Bitcoin
  • 18 hours U.S. Banks See Best Earnings Report In Years
  • 20 hours The Case For Gold Is Not About Price
  • 22 hours Stock Market Sentiment Turns Bullish
  • 2 days What Is Bitcoin Really Supposed To Be?
  • 2 days The Surprising Media Giant Taking On Netflix
  • 2 days Cybersecurity Stocks Are Red-Hot As Election Looms
  • 2 days Americans Grow Weary Of U.S. Trade Policy
  • 2 days What Putin Really Wants From Trump
  • 2 days Europe’s EV Sales Growth Is Slowing
  • 2 days The Looming "Hyper-War"
  • 3 days The Real Winners Of The Real Estate Business
  • 3 days 3 Reasons Small-Cap Stocks Are Booming
  • 3 days Chinese IPO Fervor Slows As Xiaomi Disappoints
  • 3 days How Corporate America Is Filling The Gaps In Public Education
  • 3 days Bezos’ Space Flight Gamble
  • 3 days Is This The Answer To High Gasoline Prices?
Stock Market Sentiment Turns Bullish

Stock Market Sentiment Turns Bullish

Quarterly earnings reports have lifted…

The Surprising Media Giant Taking On Netflix

The Surprising Media Giant Taking On Netflix

Professional wrestling is not often…

The Case For Gold Is Not About Price

The Case For Gold Is Not About Price

Gold has seen huge gains…

Marty Chenard

Marty Chenard

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he…

Contact Author

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