The Long Term Bottom Is NOT in.
The Average Bear Market has lasted 289 days with a decline of 37.3%.
$QQQ: -23.01%
$SPY: -13.89%
Using historical precedence, the bottom is not in.
Both $SPY and $QQQ are forming lower highs and lower lows = bearish trend.
Eric Messenger's avatar
Good I need it to last quite a bit longer. I haven’t bought near enough.
Preston | Investor Insight's avatar
@wall_street_deebo Same here Eric. I have not even started buying anything, so I am looking forward to allocating cash once stocks start to base and show signs of reversing trend. Until then, I will be patient.