Conviction: 3/5
Thesis
Thesis
- Reached trend support (2016)
- RSI-D showing potential bullish divergence...
- Touched 0.786 retracement too, confluence could be powerful
- P/S is high on absolute scale (S&P 500 P/S is about 3), but nearing lows of Feb 2020
Risks
- Short history, does not contain last major recession in 2008
- RSI-W super low (18) but in historically uncharted territory...