BoneFunkenstein

History Repeats?

BoneFunkenstein Updated   
SP:SPX   S&P 500 Index
In 1958, Russia was in the headlines almost daily with the rapid expansion of communism and the launching of Sputnik 3 into space. In the United States, we had My Fair Lady's "I Could Have Danced All Night" being played across the nation and the invention of the microchip by Jack Kilby of Texas Instruments and Robert Noyce of Fairchild Semiconductors (later Intel). Today Russia is in the headlines with the invasion and occupation of Ukraine and in the United States we have a whole new class of technology emerging that could change the world. I suspect we will see today play out the same as in 1958. The Pattern is the same for sure
Comment:
The Earth and Mars line has only crossed 4 times in the history of SPX and has only crossed twice in the .764 - 1 Fib Area. This is where we are now
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