Major indexes, S&P, NASDAQ, DOW, SMALLCAP are testing of the April 2025 trend line. You can see this on the chart.
A move below this line would confirm that November's downward rally was wave 1 of a bear market.
If the S&P rises above 6870, this would confirm that November's rally was wave 4.
However, I believe we are in a bear market because:
1) The entire structure of the indices looks mature overall.
2) Gold is falling, regardless of the downward movement of the DXY, and they usually have an inverse correlation. Also, gold has not confirmed the ATH on silver.
3) The DXY fell throughout 2025, and now, I think it is ending the second wave, minute degree, that is, on the eve of the largest upward rally since 2022. The reaction on DXY may end near 97.85.
I wish you to be very rich!
Happy holidays!
A move below this line would confirm that November's downward rally was wave 1 of a bear market.
If the S&P rises above 6870, this would confirm that November's rally was wave 4.
However, I believe we are in a bear market because:
1) The entire structure of the indices looks mature overall.
2) Gold is falling, regardless of the downward movement of the DXY, and they usually have an inverse correlation. Also, gold has not confirmed the ATH on silver.
3) The DXY fell throughout 2025, and now, I think it is ending the second wave, minute degree, that is, on the eve of the largest upward rally since 2022. The reaction on DXY may end near 97.85.
I wish you to be very rich!
Happy holidays!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.