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."

"The wise trader and investor assimilates the data then acts accordingly. It is a real-time approach. Predictions are subject to great error. Those who stake their reputations on predictions often find themselves psychologically wedded to such predictions. Therefore should one make a prediction, one should always be ready to change their view on a dime. Price dictates such actions. If your stop is hit, you might be wrong. Move onto the next opportunity or circle back if a second or multiple entry points arise while the risk/reward remains favorable. The trade of a lifetime often comes every few weeks, especially near market lows. Stay nimble and open to all possibilities. "