ES SHORTstatistically speaking after the S&P has dropped over 10% from ATH's the average drop resulting was 27% on average (if I'm not mistaken)
not to mention:
deflation is bound to happen on the global scale & .... battery day is next year?
..
ill buy then
..
all jokes aside, I don't think the market will trade at this far of a forward PE for much longer. Plus, low rates make it hard for banks to make money, and everyone is massively overleveraged right now. I think an insolvency crisis is going to come soon.. (we essentially could have the tech bubble, 2008, and the early 1900's "type of" market from this point on )
GL!
pictures below are fib extensions and multiple time frame analysis of this chart so you have an idea where all these lines are coming from.
