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Strategies & Market Trends : Zman Market Timing
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To: zman69 who wrote (7997)3/27/2016 12:26:16 PM
From: Nihontochicken1 Recommendation

Recommended By
John Pitera

  Read Replies (3) of 15903
 
[/lurk]

While I'm not a trader, I do keep track of the markets long term and am willing to change positions at significant turns. Link below to a monthly chart of the SPX with standard Bollinger bands. If you have experience with BBs, you'll know that the current set-up looks bad for longs. Note the tight current BB pinch with price gravitating toward the lower BB, and compare to the previous major downturns. Also note the relatively noiseless MACD signaling a potential crater. Being a monthly chart it is slow to turn, but when it does it steamrollers the more volatile weekly and daily charts. The key point is to see when the BBs begin to diverge again and to which BB line the price follows. Could be up or down, but down is favored at this time. FWIW. We'll see.

bigcharts.marketwatch.com

If the link fails, just run a 20 year monthly chart of the SPX with standard (20,2) Bollinger bands.

[lurk]
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