Honestly, $SPX has hit a new 30-day low, with the price at 0.3717. The previous low was 0.3737.
Whenever a new low is reached, people on the platform start calling the bottom. But in a weak market, new lows are often followed by even lower lows. I usually wait for the price to recover above the previous low before considering a move—I don’t try to guess the bottom.
Leave your thoughts in the comments, and we’ll review together in a few days.
For market tracking purposes only; not a basis for trading.
Whenever a new low is reached, people on the platform start calling the bottom. But in a weak market, new lows are often followed by even lower lows. I usually wait for the price to recover above the previous low before considering a move—I don’t try to guess the bottom.
Leave your thoughts in the comments, and we’ll review together in a few days.
For market tracking purposes only; not a basis for trading.