Business Magazine

Long Term Bearish Scenario Now Primary

Posted on the 09 December 2014 by Souljester @souljester618
I have been tracking a bearish analog for the past few weeks, but ignoring it and remaining bullish. Today, a long term trend indicator flipped bearish. There are still two indicators I need to see roll over to confirm that bearish flip.  

But, as it flipped at the December 10 cycle date, I am tentatively moving the bearish long term scenario to primary. The targets, cycle low, and conditions necessary for returning to the bullish scenario are listed on the chart: Long Term Bearish Scenario Now Primary I would not be surprised if the market fixed the conditions that caused this switch in primary scenario. However, until it does, I am following the long term bearish scenario. I do not know the future. I can only follow what the charts are presently saying. My posting time is limited during the holidays (why I moved the blog to private during Thanksgiving) and I do not know how much time I will have to update until the New Year.   There is always a bull path and a bear path. We cannot know which path our future will choose. As always, do your own due diligence, read the Disclaimer, and make your own investment decisions.

Peace, Om, SoulJester

Back to Featured Articles on Logo Paperblog