LONG WAY TO THE BOTTOM
My theory is that we have a long way to go to reach the bottom of the market 
SPX. Based on my previous post, which I have linked, we would have to reach some sort of support before coming back up.
The current price I'm looking at is $2,191.86 . From the all time high in 2022 of $4,818.62 to that price is a 54% drop. See that the drawdowns of the past few recessions have been around 50%.
This gives me more confirmation that my theory is true and we shall see how long this winter lasts!
SPX. Based on my previous post, which I have linked, we would have to reach some sort of support before coming back up. The current price I'm looking at is $2,191.86 . From the all time high in 2022 of $4,818.62 to that price is a 54% drop. See that the drawdowns of the past few recessions have been around 50%.
This gives me more confirmation that my theory is true and we shall see how long this winter lasts!
#4JEAN
Related publications
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.