Market crash is natural but investors and traders with short memory or less experience still believe market will go up.
Since 1958 the S&P 500 has declined by +5% in a day some 22 times. In 82% of those events, stocks were already oversold. Outside the Financial Crisis, the average 3-month return after a crash is +8.5%, with only 1 significant (11%) drawdown. From the first 5% down day of the Financial Crisis (which had 12 5% days), 1-year returns were still essentially flat. Bottom line: markets right now are vulnerable to a crash. Be ready to at least stick a toe in the water if that happens.
China PMIs Crash To Record Low, Confirming Coronavirus Collapse happened over the weekend AFTER Fed Trap announcement Credit Marker Crash Is Freezing Equity Market Issuance, in energy sector etc,
My point is you need to de-hypnotise from FED can cure everything TRAP
One final important point: You can't look at the past chart and draw conclusion about tomorrow. Everyday you need to get a feel for market movement by observing it. This is a very reason I design QTB for LIVE trading.
I must emphasise my QTB script is not a past historical guidance indicator. Many traders loose money because they still want to predict the market using algorithm happened in the past.
Picture of the past is irrelevant during extreme volatility and that is the MEGA difference between my Quantum scripts and old indicators.
My suggestion: Use QTB during LIVE market make decision and let go of the past.
In short QTB is ALIVE during market as you can see animated moves of the QTB measures.
I released an educational stream you can find it under my recent streams. Please note, I change and adopt QTB with the market. For me past is irrelevant and my main aim is to MAKE MONEY from the market. So, watch and read my comments carefully. You need to watch the behaviour of QTB as it adopts to your stick and index in live chart DAY, Hour, Minutes to see what QTB balls is telling you. So this is not a universal indicators like RIS 50 or 100. QTB is deliberately designed to behave different with different stock in the different market.
Please note, I'm a TRADER and even though good at coding, it is a necessity for me. Updating and releasing to public takes time and takes me away from my daty job. I'll continue if the interest continues as I believe we (traders) suffered because of this market and we all MUST make money for their family and to fulfil our dreams. I quite a very well paid IT executive job to do this and am happier and making more money. Adopt.
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Hey! These are cool indicators you are developing. Can you explain more how the web works. For example what in the bar graphs or numbers are telling you that the Friday eod rally was a trap?
Please note, I'm a TRADER and even though good at coding, it is a necessity for me. Updating and releasing to public takes time and takes me away from my daty job. I'll continue if the interest continues as I believe we (traders) suffered because of this market and we all MUST make money for their family and to fulfil our dreams. I quite a very well paid IT executive job to do this and am happier and making more money. Adopt.