Monthly Momentum Breaking Down

The monthly chart of the S&P 500 Index (SPX) now has monthly momentum below 100. This condition needs to right itself before the end of the month or the odds will increase that we’re starting a longer term bear market.

The monthly chart of the S&P 500 Index (SPX) now has monthly momentum below 100. This condition needs to right itself before the end of the month or the odds will increase that we’re starting a longer term bear market. Just one more domino to fall for the long term bull market.

150826spxMomentum

 

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