Any thoughts on setting a stop just below the 61.8% retracement?
My working theory is that triple bottoms are very rare and if
we lose the 61.8, we're likely going to have another leg lower
where the market can start trying to find a bottom again...but I'd
love to hear any contrary opinions out there.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
A couple options should the market form a higher low
Posted by matt on 1st of Mar 2022 at 12:01 pm
$SPX - Chart Link - some options should the market form a higher low
$SPX - Chart Link
anyway I have to run out for about an hr
Any thoughts on setting a
Posted by jtsurfah on 1st of Mar 2022 at 01:58 pm
Any thoughts on setting a stop just below the 61.8% retracement?
My working theory is that triple bottoms are very rare and if we lose the 61.8, we're likely going to have another leg lower where the market can start trying to find a bottom again...but I'd love to hear any contrary opinions out there.