Nasdaq 100 Review: Is The Bull Market Resuming?

Published 08/12/2019, 01:29 AM

Bulls thinking that stocks are ready for a big rally might want to look at Nasdaq 100's DI. DI = -38%, only a slight uptick from a bearish setup that preceded the decline before it was fashionable to talk about a bear market. I'm not saying a bear market is upon us. Resumption of the bull market comes only when everyone is bearish and the invisible hand is bullish. When does that happen? When Nasdaq 100 DI > 60%. That could take time.

If your tired of chasing your tail - following the media's bad interpretations, it's time to learn to read the message of the market.

Nasdaq 100 DI

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