Friday, 24 April 2020

Has S&P500 Found Its Bottom?


In a previous article (Read more here), we examined whether KLCI has found its bottom using Gann Fan.  75% of the responses said not yet while 25% said no idea.  It seems like readers are expecting KLCI to go down further.

Today, let’s look at S&P500, please cast your vote at the end of the article.

From crisis to crisis, how much did the S&P500 drop, according to Gann Fan?

1987 Black Monday  – 2001 DotCom Bubble

Drop to 3/1 support line



2001 DotCom Bubble - 2008 Lehman Brothers

Crash below 8/1


  
2008 Lehman Brothers – 2020 Corona Crisis

Drop to ?



What do you think?


I think S&P500 will drop to
 
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