Posted by $SPX closed above its 50 week MA. The TSI will close above the 0 line next week like it does after every major low, which will provide another confirmation that the bear market low was made in October. I expect that it will break above 4100 next week and get to at least 4178. pic.twitter.com/XDQlUTmBHN
— CyclesFan (@CyclesFan) January 29, 2023
As the S&P 500 reaches its downward trend line, something is different than previous times.
This time around, we have a fresh MACD buy signal instead of an aged one. $SPX pic.twitter.com/stmTu735U6
— John Rothe, CMT (@JohnRothe) January 13, 2023
S&P 500 falling 20% last year masked an interesting bifurcation in returns:
In 2022, when VIX > 28.5, S&P gained 15%. When VIX < 28.5, S&P 500 lost 30%. pic.twitter.com/gEAxe5hSII
— Willie Delwiche, CMT, CFA (@WillieDelwiche) January 5, 2023