⚠️ VERY TELLING SIGN!! READ OR PAY THE PRICE 😉Now we see that the SPY has made over 12% drawdown since it major top in 04JAN22. Currently the correction in the Nasdaq Composite reached -19.72% peak to trough while the Russell 2000 came off -21.44%.
This is the largest correction in the general market since the Covid crash in March of 2020.
Adrian's Crash DashThis is a set of charts that I use as a dashboard to quickly judge the amount of risk I should be taking.
Here's my checklist for judging how long I should be and if I should BTFD or STFR:
Chart 1 (top most chart, ES1!)
1. Bollinger Bands:
a) Are we in an overbought/oversold situation as judged by
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Displays a symbol's price movements over previous years to identify recurring trends.