Stock Market Technical Indicators & Analysis
Be very careful as we may be at the beginning of a significant Stage 4 down-trend. We may see a retracement to the 4wk average at 583.94. That may be resistance.
GMI=1 and remains RED. T2108=19, still above the level where many bottoms have occurred, below 10.
The indexes are oversold and we may see a bounce this week. If I was not in cash I would sell into any bounce. Here is the 10:30 weekly chart. The 10 week average is about to cross below the 30 week for the first time since June, 2025. Note the recent high volume weekly declines.
The GMI=0 and RED.
If the 30 week average curves down, it could signal the BEGINNING of a major down-trend. That signal got me out of all large declines since 2000. I refuse to put my $$$ at risk. I do not mind buying back higher if/when the trend turns up. I cannot tolerate a major drawdown in my retirement accounts. Younger people can hold on with the belief that the market always comes back. After the 1929 top, the Dow took 25 years to come back. I can’t wait a long time for my account to recover. The market is severely oversold now, however, so we may see a quick short term bounce. Note the above average trading volume on the recent weekly declines.
