Lance Jepsen's  Instablog

Lance Jepsen
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I have been trading in the markets since the 90's. I'm the owner of the stock trading blog and the StockTradingMaster channel on YouTube. I've transitioned, like most, from a longer term buy and hold strategy to a shorter term swing trading strategy. I like trading in... More
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  • Bears Take Over Stock Market 0 comments
    Mar 15, 2014 2:39 PM

    Bears delivered a demoralizing blow to Bulls last week when they knocked the S&P 500 back below the 1850 level.

    For 4 months, the S&P 500 has been unable to break above the 1850 resistance level. When it finally did a couple of weeks ago, the entire pattern morphed into a giant headfake.

    But it's more than just price action that points to a market sell-off next week. There are nearly 10 market internal indicators that show the Bears taking control of the trend heading into trading next week. Perhaps the most troubling is the PPO applied to the S&P 500.

    Notice how the PPO has gone below the zero line which means Bears control momentum.

    In this week's stock market prediction show, I go over many charts and show you why I believe there is a 70% chance the market goes down next week.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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