What’s behind the S&P’s recent surge? $S&P 500 Index (.SPX.US)$
Well, despite rumors of an impending hard landing, it seems the stock market has had its own ideas. The S&P has only seen green in November, climbing more than 6% since Friday, Oct. 27.
Meanwhile, Wednesday marked the Nasdaq Composite’s ninth-straight day of gains, amounting to an around 8% increase. This gave both indices their longest winning streak since November 2021.
Inte...

$SPDR S&P 500 ETF (SPY.US)$
1. This year's high is lower than the 2021 high. If it falls back into a bear market, according to the principle that the low point moves downward, the lowest point will be lower than the previous low of 3,500.
2. Last year's low of 3,500 stopped falling, and the 200-week EMA belongs to the Little Bear Market. However, the 200-week EMA has now risen to 3800-3900. If it hits a new low next year, it is bound to break the 200-week average. Breaking the 200-week average is a big bear market.
Conclusions:
1. The sooner you start falling, the smaller the decline will be. As time went on, the 200 weeks continued to move upward, and it became more and more difficult to hold on. This weekly line is too important. If you can't stick to it, the problem is serious. If 3800 doesn't hold on, there will be no bottom ahead. If we put it off until next year, we'll have to stick to 4,000 points, then it will be even more difficult.
2. There is plenty of room for tech giants to make up for losses. $Tesla (TSLA.US)$ It's already taking the lead. Today's pull-up was just an extreme rebound, used to play the band, or even run for life.
Look at qqq, $Invesco QQQ Trust (QQQ.US)$ Today's low hits the previous low. This previous low cannot be broken, so the bulls must hold on today. Otherwise, if the NASDAQ reaches a new low, it will enter a bear market, and no tech giant will be able to run away after that.
However, the bulls are still powerful; this doesn't just pull them up. It's just not easy to say how long it will last.
$Apple (AAPL.US)$ Price cuts and promotions have also begun in China...

$Alphabet-A (GOOGL.US)$
The market had a very negative reaction to Google's earnings report. After the strong sell-off following the recent earnings release, I think it is safe to say that GOOG's bearish divergence has received confirmation.
Lower Highs on MACD
What is bearish divergence? Bearish divergence occurs when the price action of a stock is making higher highs, while the indicators are making lower highs. Bearish divergence can indicate that the current uptrend is poss...