Tracking close to the 2000 drop
As shown in the Insert Graph above the S&P 500 on the weekly bases is tracking the bear market drop of 2000 (this is from the second peak). If it continues the trend, it is likely to bounce soon. This is probably nothing new, as many have already pointed this out for other reasons/indicators. But I figured I should share the close correlation in timing and drop when compared to 2000. The 2000's low before the cat bounce was one of 25-26%, which we are close to now.
Feel free to comment or add to this.
Feel free to comment or add to this.
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.
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.