A little bit of chartism. Look at the Nasdaq:

  • Look how all my moving averages crossed each other in early January at 2500. We are just 20 points below that magical crossover
  • Look how today close is exactly at the trendline that connects November and December peaks
  • We are one shot below 200 DMA
  • Slow stochastic is where it was back in October

Now the weekly chart:

  • The slow stochastic is at October maximum

Conclusion: if we are in the bear market than it’s a perfect point to turn down. If it turns up from here than we are not in the bear market anymore. Very interesting, critical moment