Conviction: 3/5
Thesis
Thesis
- Reached trend support (2016)
- RSI-D showing potential bullish divergence...
- Touched 0.786 retracement too, confluence could be powerful
- P/S is high on absolute scale (S&P 500 P/S is about 3), but nearing lows of Feb 2020
Risks- Short history, does not contain last major recession in 2008
- RSI-W super low (18) but in historically uncharted territory...
- Short history, does not contain last major recession in 2008
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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.