It would seem that it has been quit bullish these few weeks and the question is whether this is a bear market rally or a new bull.
frankly its hard for us to know but from a few historical indicators we could be in for some good bottoming at the march levels.
crossing the 200 moving average from below have always been a sign of return to bullishness and we have seen it with the qqqq which tracks NASDAQ first and formost. semi conductors normally are leading indicators and this seems to be within that frame of things.
eem, which is the etf for emerging markets have breached this pretty early. i think alot of folks would have made money in emerging markets by now, but if this is a bull we are early yet.
so wat about big o s&p 500? well it manage to cross this 2 days. and it got alot of people talking. MACD trending seems to indicate we have legs to see if we cans sustain above this.
Important thing to watch is if it fails to stay above 200 or whether there are any breaks in trend.
good trading every one
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