statistically speaking after the S&P has dropped over 10% from ATH's the average drop resulting was 27% on average (if I'm not mistaken) not to mention: deflation is bound to happen on the global scale & .... battery day is next year? .. ill buy then .. all jokes aside, I don't think the market will trade at this far of a forward PE for much longer. Plus, low rates make it hard for banks to make money, and everyone is massively overleveraged right now. I think an insolvency crisis is going to come soon.. (we essentially could have the tech bubble, 2008, and the early 1900's "type of" market from this point on [after the election, more than likely])
GL!
pictures below are fib extensions and multiple time frame analysis of this chart so you have an idea where all these lines are coming from.
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