SPX at 423 extension of 2000/2008

3 Feb 2022

Just wanted to record this. For the first time in most of our lifetimes the DJI has hit a 423 extension of two 50% drops. We've never seen this before, unless you were alive during the Roaring 20s.

21 Jul 2024

Catatan

There could still be a bit of stop hunting to come if it's correct, but if this is going to be a 4.23 fake out we'd be very close to the top now.


Blow offs can be big. Could still be far too early to short - but on a theoretical basis, we'd be into the end of the rally.