Trump-Era Correction Cycle Triggered ๐
The "Recovery-Extension" Cycle โ One of the cleanest repeating setups in $SPY during the post-2020 Trump-influenced bull market:
1) Sharp major correction (often -25% to -36%)
2) Full recovery of the drop + extension upward of at least equal distance (or more) beyond the prior high
3) Only then does the next correction begin
๐จThe market doesnโt correct until it delivers at least the same distance up as the prior drop (measured from the bottom back through the old high and extended ๐
@KobeissiLetter@market_sleuth@stockdatamarket@ZTheTrader@zerohedge@OddStats@TrendSpider@LindaRaschke@MarkNewtonCMT@amitisinvesting@StockSavvyShay@alphaticaio
It looks like one of @ARKInvest@CathieDWood's key picks $TEM just broke out of a multi-month ๐consolidation and could be gearing up to retest higher levels ๐