What does it mean when the stock market makes a low and then stages a large bounce in a short period of time? Is that sort of price action meaningful? How should traders think about? How should long-term investors think about it? What are the signs that a big bounce will lead to a new high instead of a new low later on?
Michael Batnick and Downtown Josh Brown attempt to answer these questions the best way they know how – with context, data, historical information and common sense.
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Here are the charts we posted in today’s video: