This is NOT fools day joke! For the past 2 crashes, small cap went through initial trend line break , retest the trend line with strong gains, and then crash. It is experiencing exactly same chart pattern today! So this is NOT a time to be brave!
Agree. This is more about risk/reward than market timing. if price trend does not change, all secondary indicators like these are just that - secondary. Might be more meaningful if monthly lower high and lower lower occur with some moving average rolls over like 10 month MA.
This will show its limitations - one day or the other. Question of time.
Nobody knows how it will end up. Many moving parts.. Maybe the bond bubble explodes first.. will take time but that is a possibility. There is something wrong about negative rates and equities at the top.