I have been tracking DJI (Dow Jones Industrial Average) for quite a while. The bear market is defined as 20% correction in benchmark indices from the all time highs.
SPX (S&P 500) has fell into bear market twice (2nd after retracement), it closed below 20% line on daily as well as weekly candles . But it did recovered from those levels until recently, ...
Waiting for a retracement is always a best thing that provide very good investing/trading opportunities.
It significantly affect ROI (Return on Investment) percentage. Please read following points, to get idea what I am talking about.
1. If you can see in the previous weekly candles and overall chart, the market moved higher (since Nov 2020) but with...