Why I think we are in "Unchartered Territory"

When doing my monthly analysis on the ES I noticed that the 55 EMA is beginning to cross above the monthly Kijun (or Base) Line for Ichimoku. I thought this was interesting so I began to research other times this has occurred and have come to find that a similar situation or set up does not exist. (For those wondering, I use the 55 EMA vs. the 50 EMA because I believe in using only Fibonacci sequencing in my charts). Typically you see this cross after a severe bear or ranging market is over and it's the start of a new uptrend. In a bullish market like we have seen from 2009 forward, the Kijin line is separated a little or sometimes a lot from the monthly Kijun Line. From a monthly perspective, we are not coming off a severe bear or ranging market, so what gives?

If you are a perma bull, the reason to watch this closely is because these lines are now in close proximity to each other. If we see a downturn and the 55 EMA crosses over the Kijun then past analysis would say a severe bear market or a long term ranging market will be upon us.

Here are the instances that I found where the cross occurred-

ความคิดเห็น:

Just realized a typo: This line: In a bullish market like we have seen from 2009 forward, the Kijin line is separated a little or sometimes a lot from the monthly Kijun Line SHOULD READ AS FOLLOWS: In a bullish market like we have seen from 2009 forward, the Kijun Line is separated a little or sometimes a lot from the monthly 55 EMA.