Analysis

A new bull run could be triggered based on the market breadth stat for the past twenty years [Video]

Based on the market breadth assessed in the 3 conditions to be fulfilled, a new bull market could begin according to the stat in the past 20 years.

Watch the video below to find out how you could confirm the bull run with the most important element as mentioned in the video and at what circumstances could the bull scenario be violated (these are important).

 

The bullish setup vs. the bearish setup is 808 to 21 from the screenshot of my stock screener below. This is another positive sign, which is inline with the improving market breadth to support the bull case.

As the market is short-term overbought, watch out for a pullback and judge the characteristics of the reaction to anticipate the next move. Meanwhile, a trailing stop for trade management is great to protect your profit if you have been trading those outperforming stocks covered in the Weekly Live Group Coaching session for the past few weeks.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.