Interesting observation using the "time cycles" tool. Last 3 time cycles have been the near exact highs and lows of the SPY
. If we bounce down from here, it would be quite the coincidence! I would assume we see near new lows at the bottom of this new channel, but beware - just because its happened the last 3 times, it obviously doesn't mean its a pattern. Just an interesting observation I thought I would share.