System_T

What if S&P 500 Index repeats 1968-1970 ? [ -35% DOWN ]

Short
System_T Updated   
SP:SPX   S&P 500 Index
I found an incredible matching fractals with both of percentage-wise measurements (up & down) and pattern similarity compared with the period of 1968-1970.
Expects -35% down side and a recession if this history repeats itself.
Prepare for the worst guys!

“History Does Not Repeat Itself, But It Rhymes.”
- Mark Twain
Comment:
And how can we explain the coincidence with the similarity of Unemployment claims compared with 1968-70? Both periods have the lowest unemployment rates. Recessions always come when no one prepare.

Comment:
It may bounce from 3,000 to prepare for the 2nd leg down. Play wisely, guys!
Trade closed manually:
It was so much worse this time so I'll close this idea.

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