I done did the impossible...
This is the chart of $SPY for the month of March.
Observe the low of the month and the note below:
Now, see the a reconfirmation on how $SPY as developed this week.
Here is the fun part:
If you're wrong (which you won’t be wrong often), WELP.
How many bps are you still up?
This is the highest level of precision in one of the most liquid assets in the world.
People should ponder the confidence interval we have on our approach to make such statements.
Signal from the noise.