Will the Holy Capitalist Church Recover by February of 2021?
I'm suggesting a Fundamental Division Line between two "Holy Market Phases"...
(see dotted red line September of 2020?)
If we multiply this time period by 2x we see a full possible recovery by February of 2021?
This also suggests that the S&P 500 would stabilize between 3200 and 2800 between this time period based on the Volume Profile of the S&P 500 which is a multiplication of both the prices and all the volumes at each price level...
NOTE: The Volume Profile of the S&P 500 shows 3 main points all in different horizontal colors?
QUESTIONS: notice volume is decreasing... its important to figure out what the "correct" volume is... it maybe is more important then the price?
Anyway I thought others would be interested to see the details of a "what if" the recovery took precisely 2x of what it took to recover to the top of the S&P 500?
:)
Hope this helps!
I'm suggesting a Fundamental Division Line between two "Holy Market Phases"...
(see dotted red line September of 2020?)
If we multiply this time period by 2x we see a full possible recovery by February of 2021?
This also suggests that the S&P 500 would stabilize between 3200 and 2800 between this time period based on the Volume Profile of the S&P 500 which is a multiplication of both the prices and all the volumes at each price level...
NOTE: The Volume Profile of the S&P 500 shows 3 main points all in different horizontal colors?
QUESTIONS: notice volume is decreasing... its important to figure out what the "correct" volume is... it maybe is more important then the price?
Anyway I thought others would be interested to see the details of a "what if" the recovery took precisely 2x of what it took to recover to the top of the S&P 500?
:)
Hope this helps!