As you can see from the Bull/Bear Rating graphic, below, this coming week is set up for a continuation of this current Bullish trend. The ratio is almost 2-to-1 in favor of the Bulls. However, look at the bright red circle on the Market Trend Forecast chart (below, right). Notice that the Composite (black) line has rolled over and is now back below the Short Sell (red) line. This is a huge warning that a correction is immanent.

Bull/Bear Forecast For the Upcoming Week

The Bull/Bear Rating provides a one-week directional signal on the market, with [-5] being the most Bearish and a [+5] being the most Bullish. The data represented in the Market Trend Forecast Chart generally provides a 90-day directional view of the market. The red line (New Short Sell Signals) and the green line (New Buy Signals) show both a technical direction and the degree of strength of Bullishness or Bearishness. The higher these lines go, the greater the strength; the lower these lines go the lower the strength. The black line (Composite) is the combined impact of both the new Short Sell Signals (Bearishness) and the new Buy Signals and provides a directional indication of the overall market. The lower this line moves, the more Bearish the market. The higher this line moves, the more Bullish the market.