Do The Bulls Have Any Reason For Hope? | Seeking Alpha
Chris Ciovacco has written an outstanding article along with charts to explain the dangers of the stock market in 2016. There is also hope if the market turns around as it did in 2011 and 1995. We just don't have enough facts yet to determine the true direction of stocks. The current situation is bearish because the S&P 500 is below its 50 day and 200 day moving averages. Until the price of SPY gets above its 50 day line, and the 50 day line slope turns upward, we might be better off sitting on the sidelines.
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