Monthly RWB chart of $SPY shows no end to this bull


This monthly RWB chart of the SPY since 1994 shows what the 2000 and 2007 bull market tops looked like. It is clear that the market remains in a strong up-trend until the red lines (shorter averages) decline and the RWB pattern disappears. The current market, as measured by the SPY, remains in a clear RWB monthly up-trend. Stay tuned….

The GMI remains at 6 (of 6):

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