SPX - Make the selloff great again?
$S&P 500(.SPX)$ is experiencing a rapid flush, with a complete breach of the weekly Bollinger Band, a condition that typically triggers a swift bounce, even in bear markets (2022 in chart).
The 2008 GFC and the COVID crash are notable exceptions. This is a critical juncture for the index. Make or Break time. Make the selloff great again?
GFC Top in October 2007, decline in Nov, correct, but the weekly was so damaged until mid January 2008.
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This analysis has proven its accuracy.
Studied with subs since February. Critical support zone was tested today. Make or break tomorrow.
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