Comparing SPY 2022 to SPY 2018… via /r/wallstreetbets #stocks #wallstreetbets #investing


Comparing SPY 2022 to SPY 2018…

https://i.imgur.com/6BXulAC.jpeg https://i.imgur.com/xLLkiPG.jpeg

Comparing to September 2018 crash…

9/20 high of 294. 10/29 dip to 260= 12% dip. Recovery to 281 on 11/8= 8% recovery. Dip 263 on 11/23= Another 7% dip. Recovery to 280 on 12/3= 7% recovery. Dip to 233 on 12/27= 17% dip. Total dip from high= 20.8% Eventual recover started here…

1/4 high of 479.98 1/24 dip to 420= 12.5% dip Recovery to 458 on 2/2= 9% recovery Dip 443.8 on 2/4= 3.1% dip Recovery to 457.9 on 2/9= 3.1% recovery Yesterday low of 425.9= 7% dip currently. Total dip so far= 11.3%

Comparing the percentage of dips… Dip 12% vs 12.5%= about the same Recover 8% vs 9%= about the same Dip 7% vs. 3.1= 0.5x 2018 dip. Recover 7% vs. 3.1= 0.5x 2018 dip Dip 17% vs. (7%)= ?? ( 20%=383) ??

When we compare these we can clearly see that these charts are behaving identical to eachother. The only difference is the dip of the 2nd dip… that only dipped about 50% compared to 2018. However the chart shows the EXACT same double top pattern…

If we look at strictly percentages… we see that we could dip an additional 10% which would put us at approximately 383…

Now another thing to look at is the way the dip from 6 to 7 escalted in 2018… we are at a very similiar point in our chart presently.

If we were to see an additional 4th red day today it COULD confirm that this correction is about to get that much more wild… it also shows that our 5th red candle (would be Thursday) would be a false breakout up followed by a massive sell off).

I actually posted this breakdown of SPY now vs 2020, 2018 and 2008 crash back 20 days ago. https://www.reddit.com/r/stocks/comments/sj4fr8/comparing_now_to_2020_2018_and_2008_crashes/?utm_medium=android_app&utm_source=share

Its actually kinda scary but interesting updating these numbers and seeing how identical SPY is behaving now compared to 2018…

Now a big fat green bullish day today that breaks the daily 8 ema/ 200 ema of 439.7 would negate all this. But none the less it is interesting to see the comparison. Especially how similiar the actual charts look.

Note- this is more of a fun analytical Comparison to see what others think… this is absolutely not any sort of TA i would base a play off unless we continue red this week… but futures up 0.8% and looking like going higher (currently would open us near our two major resistance of 432.76 and 433.5).

Submitted February 23, 2022 at 09:36AM by DaddyDersch
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