This chart represent the bull and bear markets in the S&P 500 during the last two decades. According to this analysis and based on statistical inference, we could have started the bear trend that might during until March 2020. On average bear markets length approximately 18,5 Months ((28+17+11 )/3) and depreciate close to 41% ((50%+58%+15%)/3) since the life time high (from 2940 to 1735). On the other hand, completed the depreciation period, the bull market reveal a huge potential providing on average 129% gains ((103%+221%+63%)/3) with a duration of 56 Months ((63+74+31)/3).
For active investors some caution is recommended with the crystallization of gains, while some opportunities arise from the correction.
The impending establishment of a ''new'' asset class (crypto) will most likely exacerbate the decline, your fibo shows 938...I have a feeling that we might see that number and the leveraged purge will be done by then, nice chart though a picture tells a tale, we have to wonder if in the next 10-20 yrs the USD will continue to be the reserve currency...Cheers and Feliz Navidad
Magnetic_Stang
⋅
Hmm... I think I'll just do the reverse of what I did earlier this year... instead of buying the dip, I'll just sell any rip (like today).