Central Banks Tell Markets: "You’re On Your Own Now"

Discussion in 'Wall St. News' started by Bugsy, Sep 21, 2020.

  1. Bugsy

    Bugsy

    You do realize a drop down to the 3000 level, the level I stated, is a 10-20% correction right? 20% would be 2850, which it could drop to.

    The 40-50% I referred to is 40-50% of the bull rally from March I was talking about from 2200 to 3570. 40 to 50% retracement of that move is the same amount as a 15 to 20% drop of the overall index itself.

    And once more, this isnt stating this will happen. It's just what I think will happen. It could very well rally back up again.
     
    #31     Sep 22, 2020
  2. SunTrader

    SunTrader

    Yes all good but you said ... coming. SPX topped 14 trading days ago.
     
    #32     Sep 22, 2020