In this chart we have 3 arrows, first horizontal - how much time take the crisis from 2009 (make a new ATH), second horizontal - how much time take until the bottom in 2009 crisis, vertical - how much decrease SP500 in 2009 crisis.
Now we have a break out from downtrend, but I am not convinced yet that we test correct this out and i think that is very easy to be transformed into a fake out.
But, that not means that SP500 will continue to decrease! We could be very easy just in a flat. What I want to say is just: Be carefull, not spend all your liquidity yet, we have in our front eyes a lot of major events which could courve the graph.
Now we have a break out from downtrend, but I am not convinced yet that we test correct this out and i think that is very easy to be transformed into a fake out.
But, that not means that SP500 will continue to decrease! We could be very easy just in a flat. What I want to say is just: Be carefull, not spend all your liquidity yet, we have in our front eyes a lot of major events which could courve the graph.