New Bull Market Or A Major Failure At The 200-Day?

By Chris Ciovacco of Ciovacco Capital Management

Registered Investment Advisor (RIA) • Aug 20, 2022 at 1:00 PM EDT

The S&P 500 reversed near the 200-day moving average this week. Does this reversal mark the end of the bear market, or will the June lows hold?

shallow focus photograph of black and gray compass

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The S&P 500 reversed near the 200-day moving average this week. Does this reversal mark the end of the bear market, or will the June lows hold? What can we learn from recent signals in the context of history?

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This post contains the current opinions of the author but not necessarily those of Ciovacco Capital Management. The opinions are subject to change without notice. This article is distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. The charts and comments are not recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations are not predictive of any future market action rather they only demonstrate the opinion of the author as to a range of possibilities going forward. All material presented herein is believed to be reliable but we cannot attest to its accuracy.

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