Primary Chart: Downward Trendline from All-Time High, Various Anchored VWAPs and Fibonacci Levels
Rallies in Downtrends Are Part of the Process
Don't fight the rally in AMEX:SPY , the ETF tracking the S&P 500 ( SP:SPX ). Bear rallies are part of every downtrend. Many are debating whether equity markets have put in a lasting bottom in mid-October 2022....