ThinkLikeaWhaleTLAW

Spx repeating 2001 and 2008 cycle BUT There's a Catch L@@K

Short
SP:SPX   S&P 500 Index
Not financial advice
Looking at the 3 month charts of spx we can see on the stoch rsi that we are oversold.
But there a big catch that I noticed on the Stoch RSI bottomed at -1.0 and the stoch rsi is also trading below the 2020 COVID crash with room to still move down
The Fisher has crossed down as well
I believe this is just the start of the correction that could last until mid 2024
Everything needs a reset.
Saying all that I believe we still have roughly 30% more we have to lose yet in the markets
I'd watch the stoch rsi to see when it officially bottoms on par with 2001 and 2008
Trade active:
February fakeout confirmed.
We need a monthly close above 4215 to turn bullish. This represents the 20 Month Moving Average.
You see this big fakeout up to 4200 then we dropped.

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