The public enthusiasm for the stock market has continued to deteriorate over the past few months. Fears over China's continued growth have been a mainstay in what's known as the “Wall of Worry” that keeps investors out of the stock market. Of course, the continued skepticism over the health of the stock market is consistent with the continuation patterns that have developed in most of the key market averages. The daily Nasdaq 100 A/D line (not shown) has completed its triangle formation but is well below the March high. Even though my analysis indicates that the stock market has bottomed, that does not mean that the major averages are all going to quickly make new highs.

Source: Forbes May 12, 2018 15:27 UTC