2008 vs 2022 weekly chart for SPY
With us touching the critical 200EMA levels, if this plays out similar to 2008, then we should expect a relief rally going back to 50EMA (~430) and then we hit true bottom a year from now in Summer 2023.
Stay safe!!!
With us touching the critical 200EMA levels, if this plays out similar to 2008, then we should expect a relief rally going back to 50EMA (~430) and then we hit true bottom a year from now in Summer 2023.
Stay safe!!!
Note
Even during the 2001 crash, we saw a solid relief rally after reaching 200EMA and then a true bottom months later...
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.