S&P500 daily chart- Interesting times.SP500 daily chart- Inside the eclipse, price is range bounding inside a broadening wedge, testing the 61.8% Fib Retracement level, and just under the all important flat 200-day Moving Average.
SP500 must over come all these obstacles to demonstrate a clear path to recovery.
IVV
S&P500- attempting to Fib Retrace to 3060?Still a strong overall drowntrend regardless. SP500 is down over 11% at its peak in just over 7 trading days, and with all corrections (assuming it's that), takes an average of 4 months to hit bottom. If it is a bear market, than the average time to hitting bottom would be over well over 4 months.
SPX Year forward earnings divided by average Moody bonds yieldsSPX Year-ahead forward consensus expected earnings divided by average of Moody’s Aaa and Baa bond yields comparison with SPX index, SPX based on this metric is at present time not expensive, but relatively cheap. Same chart as but different source of data.
What if S&P 500 Index repeats 1968-1970 ? [ -35% DOWN ]I found an incredible matching fractals with both of percentage-wise measurements (up & down) and pattern similarity compared with the period of 1968-1970.
Expects -35% down side and a recession if this history repeats itself.
Prepare for the worst guys!
“History Does Not Repeat Itself, But It Rhymes.”
- Mark Twain






















