2 replies to this topic

[tradesurfer]

Al Brooks Weekend market report for Saturday September 26, 2020

https://www.brookstr...ell-signal-bar/

.
.

.

Edited by tradesurfer, 26 September 2020 - 10:42 AM.

[linrom1]

 

It is important to note that the Emini fell 10% from the high this week. I have talked about the implications of a 10% correction several times before. A 10% selloff means the market is in a correction and not just a pullback. It usually leads to a bigger correction, and the average is about 20%. A 20% selloff is a bear market. The 20% average is skewed by big drops like the 89% Crash in 1929 and the 70% drop during the 2009 financial crisis. However, the point remains that a 10% correction is usually not the end of a move down.

I found this useful.

[Darris]

The 3 month rolling correction chart is decent to watch on the SPX.  During this correction the NDX hit minus 14%, and the RUT 11% which was about the same as the minus 10% for SPX.  Institutional buy the dip has not been seen yet tho.