SPXE - Where Do We Stand Now? At A Turning Point? Or Sustainably Bullish?
2024-06-17 02:05:21 ET
Summary
- The market turning points are monitored by the Sector Diffusion Index, Trifecta Distribution Index, and Uptrend indicators.
- Questions about a soft landing, rapid bull market spike, and market downturn vs. sustainable bullishness are being considered.
- SDI has been steady, TDI volatile, and Uptrend a reconciling indicator, indicating a potential market peak.
Introduction
The market turning points have been monitored by three reliable gauges successfully: (1) The Sector Diffusion Index [SDI], the primary indicator, (2) the Trifecta Distribution Index [TDI], the secondary indicator, and (3) the Uptrend, the third reconciling indicator.
In my mind, at any moment, the following three questions continuously are lingering always: 1) The soft landing is turned out to be at the end of the year? 2) The bull market has spiked too rapidly to make a turning point? and 3) Are we on the fateful crossroads between a market downturn and a sustainable bullishness?...
Where Do We Stand Now? At A Turning Point? Or Sustainably Bullish?