Interesting that we are following a trajectory similar to the 2008 bounce with a delay of 5/6 days. If we see a repeat, then SPY should start its decline next week. Let's see!
I can't paste charts on my comment, but there is another fall after June, much deeper in late 2008. Either can be an alarm to remind us not to be optimistic so early. Good luck to you.
wjw37238c0d7f90f2d24374
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funny you see similarity when the shapes and contexts are drastically different. Visually much more similar to 2019.
subhra987
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@wjw37238c0d7f90f2d24374, I think that's the beauty of charts. Two people can look at them and have different views. Although I must disagree about the context part. The state of the world in general is not very conducive for the market. And the CBs can only do so much. But we'll see. Have a great weekend.