S&P 500 IndexShort
Running out of steam SPX500
As you can see from prior experience we have an ascending RSI trend line of high lows until we reach a capitulation point. In both examples we also had a short run up prior to a significant drop. If you back test this over the last couple years you get a correction of anywhere from 3-35%
With any substantial drop, fear could be brought back into the market and the downturn could become more severe.
With any substantial drop, fear could be brought back into the market and the downturn could become more severe.
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