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Barchart
Darin Newsom

Are US Stock Indexes Still Bearish?

  • The 3 major US stock indexes all posted new all-time highs during the post-US presidential election euphoria/hysteria.
  • These same 3 indexes all completed long-term bearish technical reversal patterns over the past few months, indicating previous uptrends had run their course.
  • Once again, Warren Buffett looks to be correct, this time with his view of technical analysis in general. 

If you happened to tune into your financial media of choice over the past four years, you likely heard something falling into these 3 categories:

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