$SPX - Chart Link- here's the monthly view of
the SPX - as you know, that area from Mar 2020 to end of 2021 was a
blow off move of that nearly 13 year bull market. I've stated that
I think we'll see a complete retrace of that blow off move by the
time this bear market is done
$NDX - Chart Link- here's one of the more well
known blow off moves the tech bubble - same thing, you had that
final parabolic blow off move from late 1998 to early 2000. Then a
complete retracement of that blow off move, as well as a little bit
more
I'll think we'll see something similar this time around as
well
Blow off moves and retracement
Posted by matt on 16th of May 2022 at 04:20 pm
$SPX - Chart Link- here's the monthly view of the SPX - as you know, that area from Mar 2020 to end of 2021 was a blow off move of that nearly 13 year bull market. I've stated that I think we'll see a complete retrace of that blow off move by the time this bear market is done
$NDX - Chart Link- here's one of the more well known blow off moves the tech bubble - same thing, you had that final parabolic blow off move from late 1998 to early 2000. Then a complete retracement of that blow off move, as well as a little bit more
I'll think we'll see something similar this time around as well
Great analysis. I remember well
Posted by piclez on 16th of May 2022 at 10:53 pm
Great analysis. I remember well 2009! If this happens is possible to have an idea of how long this could last, 1 to 2 years?
It's scary to think what
Posted by kevindeng0727 on 16th of May 2022 at 04:24 pm
It's scary to think what fundamental news will come with it 2022 already got enough troubles