What's Next... Will We Have a Rising or Falling Market? - Update

By: Marty Chenard | Fri, Oct 14, 2011
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The most important market test of the past two months is NOW facing the market.

Note how the market Strength has behaved on our C-RSI, 30 day indicator. It has been in a down trend since April, and it has been in Negative Territory since the end of July. That has translated into a DOWN condition for the market during the past few months.

Is this about to change?

What happens within the next few days to the C-RSI's level will determine what happens next in the stock market.

This describes the BIG test coming up and what has to happen for the market to rally:

On Wednesday of this week, the C-RSI made progress and closed above the resistance line. NOW the C-RSI is at the important juncture of seeing if it can move above the red zero line. If that happens and holds on any retesting, the market will begin a new upside rally.

(A note for Advanced and Standard subscribers: Please be sure to read the Standard site's Special Chart section, Chart 2 today. It shows you a very important study on the SPY versus the VIX, versus the Institutional daily Buying and Selling amounts on a daily basis. It will tell you exactly where Institutional investors are now, relative to their trust and commitment level in the stock market.)

CRSI 30 Chart

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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