This Bear Market Is Just Getting Started

Uncategorized, Weekly Update

If History Is Our Guide, This Bear Market Is Just Getting Started


Published April 3, 2020

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There are many stories already in this bear market. Below, we present a few that might be of interest. First, we take a look at our focus index, the Nasdaq 100 (QQQ). The line across the middle notes the price point ($195) where this index broke out back in November to begin a four month rally. That breakout ran fast and hard. We now trade below that breakout point. In fact, it served as a point of resistance (aka net selling) to halt the most recent rebound effort. (more…)