Idea for SPX:
- Stock market is at a 100 year old resistance.
- Can it really continue its parabolic bull run?
- Here is an interesting fractal of the 20s to 50s, which closely matches with the current market conditions from the late 90s.
- Right as the market hit the resistance, it did see a minor pullback and slowed for a year, but then continued its way up glued to the trendline for 10 years afterwards.
Past performance does not guarantee future success, but based on this fractal, it is definitely not out of the question.
Pullbacks are normal, so it is inevitable that we will have one, but this time, will it turn into more than just a minor pullback? That's a good question.
GLHF
- DPT
- Stock market is at a 100 year old resistance.
- Can it really continue its parabolic bull run?
- Here is an interesting fractal of the 20s to 50s, which closely matches with the current market conditions from the late 90s.
- Right as the market hit the resistance, it did see a minor pullback and slowed for a year, but then continued its way up glued to the trendline for 10 years afterwards.
Past performance does not guarantee future success, but based on this fractal, it is definitely not out of the question.
Pullbacks are normal, so it is inevitable that we will have one, but this time, will it turn into more than just a minor pullback? That's a good question.
GLHF
- DPT
Trade active:
An interesting thought is that the dotcom bubble (2000~) is actually the first little wave over the trendline and the Roaring 20s (1924-1929) has yet to begin.
Perhaps the bubble is just beginning.
Perhaps the bubble is just beginning.
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