Bingo! Exactly as predicted weeks ago:
Note
Could decline as low as $40 – 45.5k if bottom of wedge fails.Note
My current opinion is the bottom is likely already in.Still studying it.
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Watch Game of Trades latest public video. Already bullish divergence on the S&P 500.Note
Break out on the VIX sooner than I expected. Rollercoaster to downside and upside starting now.
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Nasdaq / S&P500 ratio has hit a support level. Is this the bottom or more downside?Note
This appears to be the capitulation necessary before it can make the final move higher. Look carefully at 2013. See that spike down right before the parabolic move to the second peak?
Note
Could my original theory from months ago be in play?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.