$SPX comparison to Feb 18 and Dec 18 crashes

Mar 4, 2020

It is often difficult to closely monitor crash recoveries, as intraday data is often not available. Fortunately OANDA keep over 2 years of hourly data, so I have been able to overlay the ES futures (23h a day) price/action from the Feb 2018 crash and the final part of that in December 2018, both of similar percentages. There is a good match to both at the moment, but I think the Feb 18 one is a bit closer. Anyway, this chart will pan out for definite shortly.

Trade
SELL 3089 MARKET
SL 3150
TP 2885
RR 3.95

Mar 6, 2020

Note

Market now 2935, so 154 pts (5%) up.

Mar 10, 2020

Trade closed: target reached

Trade closed, successful, but prediction did not envisage the drop to 2700