SPY – SnP index during Dec 2018 market pull back

  • The market contracted by as much as 17% (USD290 to USD240)
  • Turn around happened on 24th Dec 2018 during Christmas
    • Negative trading volume was below moving average
    • Positive trading volume was above moving average
    • RSI was in oversold territory ( <30)
  • Macro Factors
    • Trade War
    • Federal reserve interest rate hike

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