Your comments have lost their luster. It's not even funny anymore. I had to dig this one up from the archive. A low pullback in an up trend was allegedly the coming of a bear market, yet the worst drop in recent history is a little sideshow.
Central Banks and Governments (certainly in Europe, here in the UK in particular) have thrown a couple of kitchen sinks at this now and we have still closed at the lows (not made a new low which might be considered bullish for the moment, but to me that was a weak close). Not saying I am not expecting some sort of bounce next week, but I would not be surprised if we have another flush yet before we get a multi-day rally. This is likely to be the 'mother of all un-windings' if you take into consideration a decade of 0% interest rates, it could be quite unlike anything we have seen before and governments/central banks cannot do much about it as everyone is locked away at home trying to avoid a virus (or in some cases being forced to). For years I have felt (and let's be honest, the majority of traders who bothered to look into the big picture macro stuff have felt) these asset price levels could surely not be sustained (particularly housing, look at price to median wage ratios historically - higher than '07) - but I almost came to the point of accepting Central Banks could keep pumping them higher forever - but the one thing I did not think about was a Global pandemic. Fingers crossed this can be dealt with, but today we were told here in the UK that "The government's scientific advisory group warned that social distancing measures may need to continue for most of the year." This is not bullish, not at all. Fingers crossed we get some sort of rally, but I am not holding my breath. We could gap either way on Monday - makes no difference to me, no position - but I would not be willing to bet which. That was a weak close in my opinion and I fear we flush lower once again. 2180ish and then 2120ish - that sort of area, that was gained during the initial Trump rally might be worth a look on the HTF for a bigger bounce.
Yup, I recall B1 was contrarily bearish most of 2009 - a bull market, now B1 is contrarily bullish during a bear market. hehehe Agree ....."spring right back".
I don't ever recall the government shutting down the exchanges to prevent selloff. Chinese have done just that recently. If hell breaks loose, do you think that's a possibility here as well? https://www.ccn.com/china-frantically-shuts-down-stock-market-to-prevent-coronavirus-selloff/