img-7-spx-extreme-levels-since-1997.jpg

This chart shows that when the MACD is below -30 and the RSI is near the bottom of its range, a large rally usually ensues. However, this rally isn’t always immediate. We are now, at a point where such a rally could begin from. That said, we are not at the lowest levels ever and we are still heading down, so trying to time this bottom could leave to large losses.

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