Is the S&P 500 heading into a * Bear Market * -
You know I've thought this over for a long while now....
From a TA standpoint I think its very well possible, why you may ask?
Because , finally from this trend up this is a great sign of weakness
being under the 200 MA and rejecting harshly. Another reason why
is because from an Elliott stand point this "4th wave" correction's
"PA" in my opinion is becoming too large on "Linear"
if we break this next low. But from a FA assessment i will not try to embark on.
Whats here for the 1st eclipse ?
1. 100 MA
2. Major Trend support
3. High volume Node area
4. Andrews Pitchfork Median