SPX 1970s analogue

S&P 500SP

Description

⋅ Feb 1, 2021 3:22 AM

Eyeing a move to $4000 and subsequent decline. Notice the similarities with 1969-1973: first ≈35% sell-off, ≈80% move up within upsloping channel, throw over and the trading range. Will update the post as it unfolds.

Trend Analysis Harmonic Patterns S&P 500 (SPX500)SPX (S&P 500 Index)DJI usstockmarket Stocks recession decline depression 1973

Comments

ProfitHarvest

⋅ Feb 2, 2021 5:13 AM

Fantastic fractal spot, first I’ve seen, aligns well with the data and seems likely @Perma_Pig

UnknownUnicorn5511258

⋅ Feb 2, 2021 5:27 AM

@ProfitHarvest, this is very good indeed. also, its a 1970s comparison, which is the closest monetary environment to what we have today.

Great stuff, will be using this.