This chart studies price reversal behavior after trend line and 200 DMA were broken in 2000 and 2007. Good news is price retraced to about 0.618 Fib level, bad news is more than half of the gain happened during the week of the reversal.
If history repeats, current market may still have some room to rise, but possibly more than half of the gain already happened in the past week.
You can zoom in to see more chart detail.
If history repeats, current market may still have some room to rise, but possibly more than half of the gain already happened in the past week.
You can zoom in to see more chart detail.