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L_F
Aug 17, 2022 4:26 AM

SPX500 - Pattern repeating?? Short

S&P 500 IndexTVC

Description


Just a simple look at the market repeating. In the Photo I have the TVC:SPX from 2008. In that example we have the market retesting the 200MA before we saw the major selling.
From the High in Oct 2007 until that retest was 221 Days and if we look at where we are today we are sitting at 224 Days and we have just hit the trendline from the top.
Can we go higher?? Yes we can as we still have the 4368 level @ the 61.8% but if we look at 2008 it didnt quite get there as well.
Major point to watch!!!
Just one way of looking at this massive rally.
I hope this helps.. Enjoy the week.
Comments
L_F
Do we have a case for history repeating??
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