Using a trendline extending from 1932 on the log scale
-784 points loss after the Tech bubble of year 2000
-900 points loss after the mortgage chrisis of 2008
... Mean average of both is 846 points
3025 - 846 = 2179 is support level for SPX
Angle for both crashes
41 degree angle for year 2000 + 61 degrees angle for year 2008
Mean average of both is 51 degrees
-784 points loss after the Tech bubble of year 2000
-900 points loss after the mortgage chrisis of 2008
... Mean average of both is 846 points
3025 - 846 = 2179 is support level for SPX
Angle for both crashes
41 degree angle for year 2000 + 61 degrees angle for year 2008
Mean average of both is 51 degrees
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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.
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.