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adatherton
Mar 2, 2020 11:59 AM

$SPX comparison with previous crashes Long

S&P 500 index of US listed sharesFXCM

Description

All previous oversold conditions results in a 0.5, 0.618 or 0.786 recovery within 10 trading days. All scenarios show a recovery to 3180-3200, and then fades. Only Dec 18 shows further lows below 2850.

So for now the path is clear. It seems very unlikely that the Dec 18 option will play out.
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