Drizzt: long term market analysis is a series once or twice a month where we take a look at longer term trends in the market to get our bearings right on the general direction of where market prices is going.
In our last long term analysis 20 days ago [analysis here >>], I mentioned we are likely to resume the uptrend due to what I observed on the price movement and the seasonal factor (November to April).
This weeks drawdown makes me question that last deduction
Weekly S&P500 and STI
The long term indicator we use is the cross over between the 17 week EMA and the 43 week EMA. A cut of the 17 week EMA below the 43 week EMA from above signifies an underweight and risk management position. A cut of the 17 week EMA above the 43 week EMA from below signifies an ...
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