Absolutely, right. You've been persistently calling a bottom ever since the last medium-term top. Maybe this one will be correct. If you go 7 bars to the left on that 2002 chart there appears to be a fairly large up day as well which sold off. Bear market rallies are known to be brutal. How many including you believed we had bottomed out after the prior rally preceding last month's CPI? I think this market is making a fool of everyone who's trying to predict anything medium/long-term. Even short-term. Yesterday was an interesting day for sure and it would be interesting to know more about the why of that move. Fundamentally, not much seems to have changed though. Inflation is still high and the FED is still determined to kill inflation.
This! @Laissez Faire I also see another super reliable confirmation in WLSH that none watch here, it seems. Let it rip bulls!
Yeah, it's not really of much importance since SPX is the one that's being watched the most, but for a confluence of signals, it can come in handy, just like some would watch what DJTA does or what crude is doing.