After seven straight weeks of losses, the S&P 500 posted a weekly gain of 6.6% through last Friday’s close. The good news is that the market pain we’ve been experiencing might be over. As Bret Kenwell recently stated: Each downtrend of this magnitude (seven straight weeks or more) has marked the low for at least six months. The bad news is that Kenwell only has four data points to go on. Though we may have hit a temporary bottom, there’s nothing stopping things from going even lower in the future. In other words, last week’s gain may be the beginning of a false rally. To this end, I thought it would be useful to exam ... (full story)