(Not financial advice)
I will post notes below the main chart with screenshots to these other times mentioned.
The 10 and 20sma's crossed below the 200 Mid-March, and we found support at the 400sma. I looked at 13 past tops or major corrections, and only 2/13 times did we bottom at the 400sma. I'm thinking at a minimum, we pull back to 24,100 and see how price responds. If the 10sma can sustain mostly above the 20sma and price holds above 24,100 then a bullish case can start forming. But not yet. Personally, I think we just saw capitulation to the upside, but this is a weird chart.
In these 9 instances when the 10sma and 20sma crossed below the 200sma -- which has happened 3 weeks ago --
2025, 2022, 2020, 2018, 2016, 2015, 2008, 2006, 2000.
In these 4 instances, price still went down to lower lows, but not quite as extreme:
2012, where price did not have much of a relief rally as we saw this week, and only retraced down to the 400sma. I would argue that this move in 2012 was just part of a larger correction.
2011 - price went down to the 500sma, also part of a larger correction.
2005 - Price went down to the 500sma
2004 - Price went down to the 400sma
I will post notes below the main chart with screenshots to these other times mentioned.
The 10 and 20sma's crossed below the 200 Mid-March, and we found support at the 400sma. I looked at 13 past tops or major corrections, and only 2/13 times did we bottom at the 400sma. I'm thinking at a minimum, we pull back to 24,100 and see how price responds. If the 10sma can sustain mostly above the 20sma and price holds above 24,100 then a bullish case can start forming. But not yet. Personally, I think we just saw capitulation to the upside, but this is a weird chart.
In these 9 instances when the 10sma and 20sma crossed below the 200sma -- which has happened 3 weeks ago --
2025, 2022, 2020, 2018, 2016, 2015, 2008, 2006, 2000.
In these 4 instances, price still went down to lower lows, but not quite as extreme:
2012, where price did not have much of a relief rally as we saw this week, and only retraced down to the 400sma. I would argue that this move in 2012 was just part of a larger correction.
2011 - price went down to the 500sma, also part of a larger correction.
2005 - Price went down to the 500sma
2004 - Price went down to the 400sma
Anmerkung
2025Anmerkung
2022Anmerkung
2020Anmerkung
2018Anmerkung
2015 & 2016Anmerkung
2012Anmerkung
2011Anmerkung
2010Anmerkung
2008Anmerkung
2006Anmerkung
2004 and 2005Anmerkung
2000
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.