Couple things that show the current situation might NOT be the same as the 1929 Recession.
The 2020 hiccup is more sudden, but with a clear indication that all the selling pressure has been diluted.
I plot a simple directional ADX to figure out if the two situation is the same.
The result? Surprisingly the 1929 Recession was full of "Positive Money" that has not been diluted when the DOW pierced the trend line.
Whilst the current 2020 situation shows that the "Negative Money" has been diluted. This is a good sign.
The 2020 hiccup is more sudden, but with a clear indication that all the selling pressure has been diluted.
I plot a simple directional ADX to figure out if the two situation is the same.
The result? Surprisingly the 1929 Recession was full of "Positive Money" that has not been diluted when the DOW pierced the trend line.
Whilst the current 2020 situation shows that the "Negative Money" has been diluted. This is a good sign.