Quote:
Originally Posted by petegz28
Going out on a limb a bit here but I think we have put in a short term bottom. Could very well be a bear market bounce. Resistance on the SPY is around $450ish.
Downtrend is fully intact mind you.
|
I think we’re pretty close too, within 5% of a bottom.
The bounce we get might only be short term and no where near getting back to all time highs. NASDAQ would need to gain 21% for that.