Long Term Bullish Trend At Risk

Jan 31, 2020 - 1:37 PM EST

The Long Term Trend Indicator has signaled a long term bullish trend, hold long positions since February of 2019. If today's SPX close is < 3238, the long term trend will turn neutral, and the signal will be exit long term bullish positions. On the LTTI chart below (the bottom chart), you can see that this is the third time the long term trend strength has tested this turning point region. Note that neutral does not mean bearish, it means no longer long term bullish.

Dr. Cari Bourette is an analyst at ElliottWaveTrader.net, where she provides her proprietary market mood analysis in our flagship service, "Avi's Market Alerts."

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