/biz/ - Business & Finance

>>11371290
>damn even february didnt have the whole candle out of the rsi bands. fug

I was curious about this so I went further back in the chart to take a look. The last time a daily candle on SPX was entirely outside the lower band was 2016. Pic related to see what happened (candle in question is immediately to the left of the center dotted line). Also, to new traders going through their first wildness on the major indices, I strongly recommend looking at the charts. Especially the daily charts where you see better detail about the price movements of the time. Indices have had large drop offs repeatedly, often on an annual basis throughout the entire bull run since 2008. Forget about comparing this drop to the '08 big kahuna and compare against the several that have happened since then DURING the bullishness. Note in pic related chart that 2016 had two drops, same as this year.