ES1!, Epic "V" Shaped Bottom, or Standard Dead Cat Bounce?
Our Directional Bias indicator is giving a long signal for ES1! S&P 500 Mini Futures after giving a short signal on February 24th.
In past bear markets, such as the one at the end of 2018, we have seen Directional Bias give a long signal during a bounce before the bear trend continued.
Will this rally hold, creating an epic V shaped bottom, or are we going to see something more like what we saw at the end of 2018?
In past bear markets, such as the one at the end of 2018, we have seen Directional Bias give a long signal during a bounce before the bear trend continued.
Will this rally hold, creating an epic V shaped bottom, or are we going to see something more like what we saw at the end of 2018?