1) Compounding curve set against the historic lows. Notice 2018 has corrected to this curve.
2) RSI (weekly) has been this low several times historically. Most often it represents a near term low. Should be noted that both 2000 and 2008 had RSI values in this range at their peaks.
3) Fractal-like analysis of "interior parabolas" (shown in purple) show the parabolic nature of the previous market cycles. Extrapolated to our current bull market I see SPY topping at $500 in 2022.
4) Trade window displayed showing a 5% stop and a potential 32% trade to the upside within 1-2 years.
2) RSI (weekly) has been this low several times historically. Most often it represents a near term low. Should be noted that both 2000 and 2008 had RSI values in this range at their peaks.
3) Fractal-like analysis of "interior parabolas" (shown in purple) show the parabolic nature of the previous market cycles. Extrapolated to our current bull market I see SPY topping at $500 in 2022.
4) Trade window displayed showing a 5% stop and a potential 32% trade to the upside within 1-2 years.