Has the market situation changed? Are stock prices in June high?
Turning point, the momentum of the market rise
the market situation has shifted from a “pullback selling” scene to a “step-buy” scene
into a buying opportunity stage.
When the death cross proved to be a false signal,
it became the starting point of a new rising market
the mini death-cross between the 5-day and 20-day lines was resolved in 2 days
by 6/02. The death cross having been a so-called false signal
is now considered to have ended.
In recent memory, during last November's Trump shock,
the death cross state was resolved in four days (11/09–14),
andthat marked the starting point of the Trump rally that followed
as well. Even during the extraordinary easing in 2013 April,the death cross state
was resolved in four days(4/02–05)
It has become
This time, the probability of becoming a new market starting point is quite high
From the time of confirming a low, one month is the time band in which prices rise most easily.
The starting point of this new rising market is 5/31.
From here, the next month will be the period when stock prices rise most easily
.
The market’s momentum in terms of new highs is rising to levels not seen in four years.
The total number of new highs in the past month alone is
3,982, exceeding the peaks of each year around 2014–2016, and there is ample groundwork to push even higher
.There is a strong basis for further upside
Additionally, based on the movement of stock price indices during the past five years when annual highs were reached, there is substantial room for upside,
which suggests considerable upside potential.
Profitability increases in a year often coincide with annual highs in December,
a data point that supports stock price gains in the latter half of this year.
From today onwards, the above content will be posted in parts over the next few days
in “From Kōya Hiroshi’s Technical Room” (paid)
If you are interested, please be sure to read it.