Massive dead cat bounce?

2020年7月23日

Is stock market actually in massive dead cats bounce? I compared current situation to 1930's crash, and mapped the possible bottom. If we are in dead cat bounce, then the real bottom is way below current price.

2020年7月24日

ノート

Switch to monthly timeframe, and zoom out. When I see whole S&P chart, this scenario looks actually realistic, even though it sounds funny.

2020年7月24日

ノート

I actually don't believe in this scenario, the market is too strong for this to happen. Everything is possible though, let's see what happens.