Another 20 - 30% drop - SPX 500 index: Charting the next big drop

 Here is the link. 

I watched the video again and again over 10 times while I cleaned the room inside my home in the city of Vancouver. I like to take some notes and then share with my friends. 

1:07/ 6:21

1. Investment risky, 10 drop, and it tends to drop more. 
2. Mean decline is 27%, cascade to more once it is 10%
3. Review four weeks in row - week 5 prediction 
4. Market leadership focus on technology - 
5. cyclical, energy vs technology, a few champions - try to recover 

S&P 500 

1. Now down 4 weeks in a row
2. Week 5 is up 61% of the time; 
3. Week 5 is down 39% of the time
4. After a 4-week decline, week 5 mean perf.  +0.3%, week 5 median perf. +0.63%

3:54 

1. 2860 SPX - 
2. 23 days to covid low - 2300 
3. 90 days go back to level

Big pullback starting from next week  

1. Break down 3000
2. My dip is 20% down from all time high 
3. 10% down, median 20% - 25% down to buy
4. Central government gave support around SPX 2800