When we look at the bigger scale our last major peak was around May 2015 about 10 months ago.
The bigger the bearish trend line is much more obvious than any bullish trend lines I can produce.The "C" wave bullish run since the February bottom was nearly at straight vertical move, with the DJIA
In the end, I have to be very bearish until the markets show me that another 3
The SC and GSC degree wave counters will also be fiddling with their "WXY" waves while a big bullish move is set to fly. I try to warn my readers when the next major bottom will come as it takes time to reverse the thinking. I give the warnings on the last 4th wave of the decline as even in ETFs you don't want to take a big position all at one. For now this is of little concern as we have a long way to go. It could be fast, slow or somewhere in between so a new record low should develop.
Bull market peaks are the breeding grounds for bear markets, so this has a great looking top to it already.
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