(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
הערה
2025הערה
2022הערה
2020הערה
2018הערה
2015 & 2016הערה
2012הערה
2011הערה
2010הערה
2008הערה
2006הערה
2004 and 2005הערה
2000
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.