Looking at the SP500, what do you do after that big sell off, without warning? Im staying long. If you look at the cycles we arent even close to 35 days, so we should have more time before a drop into the DCL. We bounced off supporting moving average at the blue arrow. Note weve bounced off that MA before. IF we dont recover fully, then we may be starting a bear market.
Note
Bouncing strong off the 50sma. Good reason to believe the 1/2 cycle low is in this morning.
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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.