Is The Bear Market Over For Some? | TG Watkins (01.20)
Your Daily Five • 12m
TG starts off with looking at SPY on multiple time frames. Right now, it is showing major Fibonacci levels that helps explain some market rebound. Further, the Moxie indicator is setting up for a trampoline move. Another thing TG has been looking at is the SOXX which has broken its trendline and showing a bottoming pattern.
He then looks at an example chart that appear to have already been re-priced which is really interesting to study. These were hit at the beginning of 2021, and have been in a bear market. They have been hibernating and building a base as indicated partially by increasing volume. If it has been bottomed, and moves up, there is a big opportunity to take profits.
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