Here are some stats on the S&P500 on a monthly chart and the
lower Bollinger Band as a target when a >10% correction happens
in less than 2 months or in a few weeks like just happened since
1982. As you can see there can be quite a wide variance in a
target however percentage wise with the average error factored in
it gets you in the ballpark. Thankfully this has happened
only 12 times in 38 years. In FEB 2020 at one time the
S&P500 monthly candle was greater than 50 point above the
upper Bollinger Band a clear sign that a consolidation at a minimum
was at hand. Funny on how a 50 point (1.5%) gain was a great day
for the market, just a little perspective.
Here are some stats on
Posted by bk1976 on 29th of Feb 2020 at 03:46 pm
Here are some stats on the S&P500 on a monthly chart and the lower Bollinger Band as a target when a >10% correction happens in less than 2 months or in a few weeks like just happened since 1982. As you can see there can be quite a wide variance in a target however percentage wise with the average error factored in it gets you in the ballpark. Thankfully this has happened only 12 times in 38 years. In FEB 2020 at one time the S&P500 monthly candle was greater than 50 point above the upper Bollinger Band a clear sign that a consolidation at a minimum was at hand. Funny on how a 50 point (1.5%) gain was a great day for the market, just a little perspective.
broken link . can you
Posted by arun on 29th of Feb 2020 at 09:27 pm
broken link . can you repost please
MONTHLY DATA of S&P500 corrections of
Posted by bk1976 on 29th of Feb 2020 at 10:16 pm