(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
Catatan
2025Catatan
2022Catatan
2020Catatan
2018Catatan
2015 & 2016Catatan
2012Catatan
2011Catatan
2010Catatan
2008Catatan
2006Catatan
2004 and 2005Catatan
2000
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.