Since 1971 we have had 6 "major" Bear Markets. Average Characteristics of Bear Market 👉 Avg Length: 536d 👉 Avg Depth: -39% Current Characteristics of Bear Market 👉 Length: 282d 👉 Avg Depth: -28% But as I have shared before around the web - the Length and Depth depend wether we have a recession or not. FULL ANALYSIS HERE (this part starts +17:00 in): ...
The stock formed a long base while above its moving averages and in the last weeks is been leading the sector. So, I took position on NYSE:SNAP on the breakout above the $65 resistance level. Now waiting to a good follow through to buy more. A good buy level for me would be higher than $69.60. The risk/reward ratio (2:1) has a target price above another...
Good day Traders, I believe we will see a follow through as in chart. Not financial advice, just my current view. Please leave a like if you agree, or let me have your thoughts below. Cheers.
A follow-trough day was made yesterday September 30th on $COMPX, $SPX and $DJI. We would deny this pattern and most likely the rally, if we break-down below June highs, or 100sma on the SPY. Check out the idea on Distribution & Follow Through Days for more info.
Investor Business Daily model follows the model of distribution and follow-through days based on volume as follows: Distribution days: A distribution day is defined as a day in which the move by the index is moves -0.5% on stronger volume than the previous day. Follow-Through days: On Day 4 or later of the attempted rally, at least one of the key market...