Just found the craziest thing I have ever seen trading!!!June 13 marked a historical point in the sense of the widest thing I have ever seen. After only trading spy for over a year now I have a price action mark dating back to march 23,2020. Spy hit an all time high back in February of 2020 which was roughly 337.16 and then immidiatly fell down 107.83 points bringing us to the 229.33 level. January 3, 2022 marked an all time high for spy which was a price of roughly 475.75 which then in what the government thought was a RECESSION fell down 107.64 points to the low of 368.11 which was on June 13 in which we bounced off of the 200 day ema pushing us upward. Here's where all this comes together and why yes the economy may be in a slump right now but this is actually a necessary time in order to reach new highs. in 2020 we saw the huge uptrend and then we fell and in 2022 we saw the same uptrend and the fall but if you look closely after each fall we ended up over a period of time reaching a new high. What proves my point and is also scary is why that when you look closely it is pretty much the exact same price fall. 2020 we saw a 107.83 fall and 2022 we saw a 107.64. After both of these falls we later reached new highs.
THIS HAS TO BE ONE HUGE HISTORICAL POINT EVERYONE IS MISSING.
THANK YOU EVERYONE FOR LISTENING AND LETS GET BACK TO A NEW HIGH, I THINK WE JUST FOUND A BOTTOM.
LIKE EVERYONE SAYS HISTORY REPEATS ITSELF!!!
