The professional investors must profit by anticipating future trends and events rather than chasing old news. This is done by following the invisible hand or message of the market. That message, the simultaneous study of the the cycle of accumulation and distribution (trend), the distribution, movement, and participation of leverage (leverage), time/cycles, and human behavior void of opinions is defined below:
Trend
A rising trend supported positive trend oscillators since the second week of February (chart 1). The resulting up impulse has driven the SP 500 to all-time highs (2115.48) and LTCO above 50%. The former represents an ego boost for undisciplined chasers, while the later, a definition of extreme bullish concentration and 'overbought' trend, favors profit-taking over the short-term.
The bulls control the trend as long as the trend oscillators remain positive.
Chart 1
Leverage
The flow of leverage (red arrow) has defined a bull phase since early February(chart 2).
Chart 2
S&P 500's leverage oscillators have been holding above zero since early December (chart 3). This down impulse defines the expectation of rising prices until reversed by bullish crossover.
Chart 3
Time/Cycle
The 5-year seasonal cycle defines strength until the first week of April (chart 4). This supports continuation of the bullish trends discussed above.
Chart 4
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Rising Trend Drives S&P 500 To All Time Highs Of 2115.48
Published 03/01/2015, 12:55 AM
Updated 07/09/2023, 06:31 AM
Rising Trend Drives S&P 500 To All Time Highs Of 2115.48
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