I think the US stock market has reached a bottom here, likely to revisit recent highs, if still ranging -which is likely-, but very high odds it doesn't break today's low for the time being. I'd rate it at 90% odds. I'm risking a safe amount going long, entered at 2618.3, stop at 2583.5.
Let's see how this pans out over the next few days and weeks.
Cheers,
Ivan Labrie.
Let's see how this pans out over the next few days and weeks.
Cheers,
Ivan Labrie.
Note
Acting strong, I'd like to see prices retest the 'EIP' level in this chart:Note
Trade closed: stop reached
#SPY's Range Movement line dropped half what it dropped when it last bottomed back in 2016, it also took like 206 calendar days to reach the bottom back then, long way to go possiby: 
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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.