This market is brutal, but how could we expect anything else. I’ll post the 87 crash later, but what you will see is that the market got back to the lows of Black Monday only a fews trading days later.
Stay small and take profits quickly.
UPDATE:
As promised, here is the 87 crash. Notice how we went back got back down near the lows of the crash bar. Notice also the contraction in volume. The S&P 500 stayed in the range and based for months before it moved up, which resulted in a huge bull market.
Today, we came back and got into the bullish reversal day. Notice the contraction in volume. Like 87, the most bullish thing would be a base pattern for next few months. We do not want a huge run back up to the highs.
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