COMMENT: My hats off to you if your call for today’s low holds for a few weeks and/or for the year.
I would have thought a retracement to the 62-fibo would have been more likely.
Thank you.
SH
REPLY: As I said on the private blog, back in 1987, I could not find any technical support between the two Weekly Bearish Reversals at 286 in the S&P 500 and the Monthly at 181. That was not the case here, and we did not have an isolated high like in 1987. Here we elected two Weekly Bearish the week of March 24th. The setup was different.
