The true definition of a Bear Market is -16% down as definitely proven by Jack Schannep of the Dow Theory.
"The threshold of -16% has resulted 70% of the time in declines occurring of at least -24% with the average loss for Bear markets being -33.5% over 16.5 months time."
In the short term there will likely be a hard and fast 'Dirty Rally' due to oversold technicals. This will very likely terminate at or near the 200 DMA / 2,675 resistance.
This confirmed bear market will then likely run down as much as 50% from the 2,675 resistance within 1-2 years as shown in previous bear markets (2000, 2008)
"The threshold of -16% has resulted 70% of the time in declines occurring of at least -24% with the average loss for Bear markets being -33.5% over 16.5 months time."
In the short term there will likely be a hard and fast 'Dirty Rally' due to oversold technicals. This will very likely terminate at or near the 200 DMA / 2,675 resistance.
This confirmed bear market will then likely run down as much as 50% from the 2,675 resistance within 1-2 years as shown in previous bear markets (2000, 2008)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.