SPY Short?
If you average the depth of the '01 and '08 recessions.. they average at about 54% pull backs and roughly had the same top.
If we pull back 54% from the recent ATH, we will land extremely close the same top of '01 and '08 as a bottom
doesn't mean anything though.. I'm not fully shorting this with intentions on
SPY hitting 156, but still is interesting..
To have some context.. Current ATH to low as of 3/9/2020 is down 19%..
There would still be another 30% + drop to reach the magnitude of last two recessions if this ends up even being a recession..
I'm sure plenty of people have noticed this, but wow with the recent high it plays perfectly with the #'s
If we pull back 54% from the recent ATH, we will land extremely close the same top of '01 and '08 as a bottom
doesn't mean anything though.. I'm not fully shorting this with intentions on
SPY hitting 156, but still is interesting..To have some context.. Current ATH to low as of 3/9/2020 is down 19%..
There would still be another 30% + drop to reach the magnitude of last two recessions if this ends up even being a recession..
I'm sure plenty of people have noticed this, but wow with the recent high it plays perfectly with the #'s
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