Back in 2021 I proposed bubbles of the style of AMC tend to correct about 90%. This move is in with AMC.
We also tend to just spike out the low of the last big rally. This is a panic point for bulls.
Oftentimes we then range for a while and we set up vicious bull traps (And in some cases extreme lows. I do not think that's the case here, tbh, but it should be noted moves like this happened in things like AMZN and AAPL way back when they were fairly new).
Things that have dumped 90% can easily rise 200 - 300%. Even if they're in a net downtrend.
We also tend to just spike out the low of the last big rally. This is a panic point for bulls.
Oftentimes we then range for a while and we set up vicious bull traps (And in some cases extreme lows. I do not think that's the case here, tbh, but it should be noted moves like this happened in things like AMZN and AAPL way back when they were fairly new).
Things that have dumped 90% can easily rise 200 - 300%. Even if they're in a net downtrend.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.