Schweizer

Friday Outlook: Commodities, Emerging Markets

Attention Bottom callers. Notice David's SPY monthly chart. In the last Bear Market in 2000-2003, the MACD histogram low point came 2 years before the Bear bottomed and the loss was an additional 40% from that MACD histogram low point.

The 2007-201X Bear market has yet to see the MACD histogram low point, suggesting a 40% or more drop is virtually certain.