The Technical Evidence for a Bear Market Decline | Charles Hugh Smith

What is the technical evidence for a Bull or Bear market? If we keep it simple, the evidence is solidly Bearish.

Without getting too fancy, let’s look for technical evidence of a Bull or Bear market in today’s charts. On a day-to-day basis, the market has experienced huge swings: a nightmare for trend-followers who have been whipsawed repeatedly in the past two months, and a dream for short-term traders:

Is this sort of manic-depressive volatility a sign of a healthy Bull market? No, it isn’t. Extended periods of wild swings from euphoria and hope to fear and despair typify markets that are about to break down.

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via The Technical Evidence for a Bear Market Decline | Charles Hugh Smith | FINANCIAL SENSE.

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