{"id":61354,"date":"2025-03-11T23:32:38","date_gmt":"2025-03-11T23:32:38","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=61354"},"modified":"2025-03-12T00:36:19","modified_gmt":"2025-03-12T00:36:19","slug":"bear-market-confirmed","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/11\/bear-market-confirmed\/","title":{"rendered":"Bear market confirmed"},"content":{"rendered":"<p>The Dow Jones Industrial Average closed at 41,433 after marginally breaking primary support at 42,000 yesterday. This confirms a bear market in terms of <a href=\"https:\/\/www.incrediblecharts.com\/technical\/dow_theory_trends.php#dow-theory-bull-bear-market-confirmation\">Dow Theory<\/a>.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-11-dow.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Industrial Average\" width=\"525\" height=\"404\" \/><\/p>\n<p>Confirmation comes after an earlier bear signal, breaching primary support on the Transportation Average below.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-11-dowt.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Transportation Average\" width=\"525\" height=\"404\" \/><\/p>\n<p>The S&amp;P 500 also signals a primary downtrend after breaching support at 5,800, strengthening the Dow bear signal.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-11-spx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500\" width=\"525\" height=\"404\" \/><\/p>\n<p>The equal-weighted S&amp;P 500 index ($IQX) was the last shoe to drop, breaking primary support at 7,000 on Tuesday.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-11-iqx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500 Equal-Weighted Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>Further confirmation comes from the Russell 2000 Small Caps ETF (IWM), in a primary downtrend after breaking support at 214.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-11-iwm.png?resize=525%2C404&#038;ssl=1\" alt=\"Russell 2000 Small Cap ETF (IWM)\" width=\"525\" height=\"404\" \/><\/p>\n<p>The Nasdaq QQQ ETF also broke primary support at 500, warning of a bear market.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-11-qqq.png?resize=525%2C404&#038;ssl=1\" alt=\"Invesco Nasdaq 100 ETF (QQQ)\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>We now have confirmation of a bear market from all the major indexes.<\/p>\n<p>Bear markets typically result in a 30 to 50 percent drawdown. With stock valuations at <a href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/08\/us-weekly-market-snapshot-4\/\">extremes<\/a>, this one is unlikely to disappoint.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-07-us-stock-value-gauge.png?resize=300%2C170&#038;ssl=1\" alt=\"Stock Market Pricing Indicator\" width=\"300\" height=\"170\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average closed at 41,433 after marginally breaking primary support at 42,000 yesterday. This confirms a bear market in terms of Dow Theory. Confirmation comes after an earlier bear signal, breaching primary support on the Transportation Average below. The S&amp;P 500 also signals a primary downtrend after breaching support at 5,800, strengthening &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/11\/bear-market-confirmed\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bear market confirmed&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[1113,1124,6619,6593,3010,3013],"class_list":["post-61354","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-dow-jones-industrial-average","tag-dow-jones-transportation-average","tag-invesco-nasdaq-100-etf-qqq","tag-russell-2000-small-cap-etf-iwm","tag-sp-500","tag-sp-500-equal-weighted-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bear market confirmed - the patient investor<\/title>\n<meta name=\"description\" content=\"The Dow Jones Industrial Average closed at 41,433 after marginally breaking primary support at 42,000 yesterday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/11\/bear-market-confirmed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bear market confirmed - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The Dow Jones Industrial Average closed at 41,433 after marginally breaking primary support at 42,000 yesterday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/11\/bear-market-confirmed\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-11T23:32:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-12T00:36:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-03-11-dow.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/03\\\/11\\\/bear-market-confirmed\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/03\\\/11\\\/bear-market-confirmed\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Bear market confirmed\",\"datePublished\":\"2025-03-11T23:32:38+00:00\",\"dateModified\":\"2025-03-12T00:36:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/03\\\/11\\\/bear-market-confirmed\\\/\"},\"wordCount\":145,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2025\\\/03\\\/11\\\/bear-market-confirmed\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2025\\\/2025-03-11-dow.png\",\"keywords\":[\"Dow Jones Industrial Average\",\"Dow Jones Transportation Average\",\"Invesco Nasdaq 100 ETF (QQQ)\",\"Russell 2000 Small Cap ETF (IWM)\",\"S&amp;P 500\",\"S&amp;P 500 Equal-Weighted Index\"],\"articleSection\":[\"Stock Markets\",\"US &amp; 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A breach would signal a primary downtrend. The Dow Jones Industrial Average is similarly headed for a test of primary support at 42K. The Transportation Index is already in a primary downtrend signaled by breach\u2026","rel":"","context":"In &quot;GDP and Activity&quot;","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-04-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-04-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-04-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61348,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/11\/its-a-bear-market-3\/","url_meta":{"origin":61354,"position":1},"title":"It&#8217;s a bear market","author":"Colin Twiggs","date":"March 11, 2025","format":false,"excerpt":"The S&P 500 fell 2.7%, the Nasdaq QQQ ETF plunged 3.9% and the Dow lost 890 points on Monday, signaling a bear market. The S&P 500 broke support at 5800 to signal a primary downtrend. The Dow Jones Industrial Average closed at 41911, marginally breaking support at 42K. Follow-through below\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-10-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-10-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-10-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61334,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/03\/07\/loaded-for-bear\/","url_meta":{"origin":61354,"position":2},"title":"Loaded for bear","author":"Colin Twiggs","date":"March 7, 2025","format":false,"excerpt":"Donald Trump's on-again-off-again trade war with Canada and Mexico has ramped up uncertainty, causing a violent swing to risk-off in financial markets. Canada is in no mood to back down. Foreign Minister Melanie Joly responded to the latest twist in the tariff saga: \"That's enough! Canadians have had enough. We\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-06-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-06-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-03-06-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":63599,"url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/02\/11\/can-the-dow-hold-above-50000\/","url_meta":{"origin":61354,"position":3},"title":"Can the Dow Hold Above 50,000?","author":"Colin Twiggs","date":"February 11, 2026","format":false,"excerpt":"Key Points The Dow Jones Industrial Average reached a new high above 50,000, but the Roundhill Magnificent 7 ETF (MAGS) is testing primary support. Bitcoin plunged to below 70,000, warning that markets are shedding risk. Gold recovered above $5,000 per ounce amid growing investor demand for a safe haven. The\u2026","rel":"","context":"In &quot;Cryptocurrency&quot;","block_context":{"text":"Cryptocurrency","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/cryptocurrency\/"},"img":{"alt_text":"Dow Jones Industrial Average","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-10-dow.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-10-dow.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-02-10-dow.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":32674,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/05\/10\/its-a-bear-market-2\/","url_meta":{"origin":61354,"position":4},"title":"It&#8217;s a bear market","author":"Colin Twiggs","date":"May 10, 2022","format":false,"excerpt":"The S&P 500 broke primary support at 4170 to confirm a bear market. A Trend Index peak at zero warns of strong selling pressure. The Nasdaq 100 similarly broke support at 13K, confirming the bear market. Dow Jones Industrial Average, already in a primary down-trend, confirmed the bear market with\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-05-09-spx.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":44799,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/10\/21\/here-comes-trouble\/","url_meta":{"origin":61354,"position":5},"title":"Here comes trouble","author":"Colin Twiggs","date":"October 21, 2023","format":false,"excerpt":"The S&P 500 is trending lower, testing support at 4200. This still looks like a secondary correction. But the equal-weighted S&P 500 index ($IQX) warns of trouble ahead, having broken primary support at 5600. A Trend Index peak below zero warns of strong selling pressure. Follow-through below 5500 would confirm\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"S&P 500 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-20-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-20-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-10-20-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=61354"}],"version-history":[{"count":7,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61354\/revisions"}],"predecessor-version":[{"id":61361,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/61354\/revisions\/61361"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=61354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=61354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=61354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}