The "Great Question" now is.
Why did the S&P only go down around 25%?
Why didn't it drop even deeper like so many of the Investing Icons said?
My answer would be.
Though most stocks went down 90%+
The top 20 stocks that make up like 40%+ of the S&P like $AAPL etc held well.
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the other thing which signals a bottom is that the Russell did not break below its June lows unlike the SPY and QQQ.
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Unfortunately, I am 95 percent sure we have yet to see a bottom, these are bear market rallies, loading up on puts, but to each their own my friend
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Imo structure is positioned to do either. We’re sitting on 2019 anchored vwap. vwap for 2020/2021 are above us in wrong stacking order. To me it’s a game of pull and push to get all that back in order. We gotta go up and consolidate btwn those 2 vwaps to get stacking corrected.
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