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Fibonacci_Technician
Dec 15, 2015 5:18 PM

Major Stock Market Indices Comparison to 2011 

SPY/4+QQQ/4+IWM/4+DIA/4Arca

Description

S.Q.I.D. is my SPY, QQQ, IWM & DIA average that I created to simplify.
Looking at the weekly chart and marking some common, analogous points (on chart) it would appear that this event is 3.33% larger.
The 2011 event bottomed on the 150sma. 150sma x 3.33 = 450sma. Should the comparison hold true the markets should bottom at the end of February 2016 at the 450sma some 33% lower from the recent ATHs made this summer 2015.
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