A new low over $SPX 30 days; current price: 0.3717, previous low: 0.3737.
After a new low, three common scenarios are:
① A rebound gets rejected at the previous low: the decline continues
② Price moves sideways near the previous low: consolidation while awaiting direction
③ Price quickly recovers above the previous low and holds: a false breakdown
Price is currently below the previous low. Watch to see whether scenario ① or ② plays out.
The above is a summary of publicly available information. Please verify it independently.
After a new low, three common scenarios are:
① A rebound gets rejected at the previous low: the decline continues
② Price moves sideways near the previous low: consolidation while awaiting direction
③ Price quickly recovers above the previous low and holds: a false breakdown
Price is currently below the previous low. Watch to see whether scenario ① or ② plays out.
The above is a summary of publicly available information. Please verify it independently.