Market will drop at least 11%
The last 3 times this indicator was this high, the DJY0 dropped about 15% and 12%. Last time this drop was due to the Fed deciding to raise rates, the drop was 11.95%. It would be safe bet a drop of at least 11% could occur over the next month.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.