Spying the SPY

This is a bearish formation, but if we don't break down and go sideways for a while, then it's possible we can go higher from here.

"A picture is worth a thousand words"

“For all those against reopening the country until things are perfectly safe please educate yourself on what happened in the Great Depression. I have, you will be surprised at the death and destruction that came about, much greater than Covid 19 damage could be. Disease, starvation, suicide, family destruction, abuse, drug addiction and lost dreams. The mental depression and lost souls were staggering.”

Dow rallied 25% of the lows.

In 1929 the market rallied 50% before resuming downward in a secular bear market.

, but

"If past history was all there was to the game, the richest people would be librarians."