2008 vs 2022 weekly chart for SPY
With us touching the critical 200EMA levels, if this plays out similar to 2008, then we should expect a relief rally going back to 50EMA (~430) and then we hit true bottom a year from now in Summer 2023.
Stay safe!!!
With us touching the critical 200EMA levels, if this plays out similar to 2008, then we should expect a relief rally going back to 50EMA (~430) and then we hit true bottom a year from now in Summer 2023.
Stay safe!!!
注释
Even during the 2001 crash, we saw a solid relief rally after reaching 200EMA and then a true bottom months later...
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