I you look at the last 2 spikes down Dec 2018 and March 2020 covid drop.
You can seethe the bottom came with a big spike down and the reversal.
That should happen this time too.
So the market may spike down 7% to make the bottom and then end up 7% higher the same day.
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Those were short duration cyclical bear markets, rapid decline and recovery. This has been an almost 6 month grind lower, which still could be a cyclical bear if we can close the month above the 2021 S&P low near 3700. A decline to the 200 week sma of 3500 would be about 6 %.
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