Technical Evidence Building That The Stock Market Bottom Is Already In
7 min readApr 8, 2020
Summary:
- In my prior post, “When Is the Buying Opportunity,” I argued that when the S&P 500 Index falls by 30% or more, it almost always results in a generational buying opportunity within 3–6 months
- The S&P 500 Index hit a low of 2,290 soon after I posted, and is back over 2,700 today
- In this post, I identify several technical “tells” which indicate that the market may have already bottomed out: 1) the NYSE High-Low Index, 2) the VIX, and 3) rampant insider…