IS A 20% DROP AHEAD IN THE STOCK MARKET LIKE LAST YEAR? $AAPL $MSFT $FB $AMZN $NVDA $MU $INTC $AMD $GOOG $QQQ $SPY $DJIA
At the end of 2018 the stock market fell about 20%. Could it happen again this year?
Let’s use a chart to explore the issue. Please click here for an annotated chart of S&P 500 ETF SPY.
Note the following:
• The chart shows when the stock market fell about 20%.
• The chart shows the Arora buy signal given on Christmas Eve, which turned out to be the bottom of the decline.
• The chart shows that since the 20% drop in the stock market, the market has recovered all of the drop and more.
• The chart shows the breakout.… Please click here or the title below to read more.
October 22, 2019