jpreal1
Short

S&P 500 - 20% Rebound

SPCFD:SPX   S&P 500 Index
As in the 1982 and 2008 Market Crashes, there was roughly a 20% Rebound, before the 2nd leg down occurred. I believe that this is happening again now. Bullish until 2640, Bearish after that.

Comments

Wishing I would've been read in to these techniques two weeks ago! Could we expect a bottoming at the 2008 low as well? Or perhaps a bounce at the 2011 and 2015-2016 bottoms?
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jpreal1 TheSmithSircle
@TheSmithSircle, The technicals show us key resistance at around DOW-15k, after that, the next stop is 11k, then the final stop according to my research is 6,750. I personally, don't think we will see 6,700s, but rather 15k, and possibly 11k, all depending how everything plays out in the world with the virus and economic down-slump. I am closing out all my shorties @ DOW 15k and will look for a bottom to go long with.
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Do you have charts of those previous 20% bounces where you mapped them out? Thanks!
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Any thoughts Investors?
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ZenChill jpreal1
@jpreal1, makes sense to me. Nice work!
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