The last Crash had over a 35% drop on the S&P 500
I took the Short Position measuring tool and dragged it over.
I then took a Fib Retrace Tool and pulled it from the bottom of the COVID Crash to the All Time High.
The trend line I lined up until it intersected both FIB levels and 35% from the ATH.
I got some Confluence at that level and the timeline from the trend line.
The market always has recovered. If it doesn't, it's the end of times anyways, money won't matter anymore.
If money still does matter by 2024, this is the best area I could find that has the most confluence for a possible bottom.
Let me know what you think =)
I took the Short Position measuring tool and dragged it over.
I then took a Fib Retrace Tool and pulled it from the bottom of the COVID Crash to the All Time High.
The trend line I lined up until it intersected both FIB levels and 35% from the ATH.
I got some Confluence at that level and the timeline from the trend line.
The market always has recovered. If it doesn't, it's the end of times anyways, money won't matter anymore.
If money still does matter by 2024, this is the best area I could find that has the most confluence for a possible bottom.
Let me know what you think =)