Following an initial -9% + $S&P 500(.SPX)$ selloff in <20 days…
It is typical to see the 1st market bounce attempt fail, giving way to a 2nd wave down.
The 2nd wave down historically ranges between -3% and -15%, with an average of -10%.
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So far, the “buy the dip” behavior from retail is very similar to Q1 2022.
The SPX didn’t bottom until Q4 2022.
Retail investors have continued to buy the dip aggressively throughout this SPX correction.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $NVIDIA(NVDA)$ $Tesla Motors(TSLA)$
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