Maybe the rebound would be sold? There's another leg down?
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Look at 2008 and 2019 bear market, the initial dead cat bounce was above 50% on both time, therefore most TA guru were giving a more up room, Fundamental then and now if we are honest, it's not the same banana anymore given all the new age Algo trading platform that we are dealing with, it could go wrong real fast. It will be different this time
2008-9
2019
My comments are for entertainment/educational purpose only. NOT a trade advice.
For contrarian view, a second quarter of negative GDP, as soon as the words out that we are in recession, it normally mark the end of a down trend in stock market. but this time they the Washington doesn't want to announce that we are in a recession, so the bottom is not in yet until they say so then we are. Washington already passing bills to combat the slow economy two weeks in a row or they do that in anticipation of a recovery?
My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:Posted this swing setup chart this weekend, the sell delivered today, need to see LL under the box and under 5 DMA for an early stage of trend change.
Wensday is coming - it will look same as last time(but now we have HH with lowering RSI so it is also different) - 8 day of consolidation and break out
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