Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Monday, May 18, 2020
SPX S&P 500 Daily Chart; The "Square-Root" Recovery
There is lots of talk these days about a V recovery, or perhaps an L recovery, or maybe an U recovery. What a bunch of stupid nonsense. It was a quick V recovery off the bottom for the initial part of the rally. What does that tell you. Nothing. The pattern bottom talk is something the media does to fill time. Well, they are all wrong. Said humorously, the recovery is the Square-Root Recovery; it is plain as day. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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