1964-74 was the first large-scale multi-year correction since the great depression. Large enough and long enough that it took a decade to recover from it. I noticed that it had a very similar look to what we have been seeing since 2018. So, I overlaid a scaled version (scale factor = 31) of the 1964-74 market correction (the blue line). Now the time frame does not match, but surprisingly the high and low peaks align amazingly well. If the S&P does repeat the 64-74 pattern, then there is still major correction in store for the S&P over the next year.
June 1964 - Sept 1974
Including great depression
Current market since 2003
June 1964 - Sept 1974
Including great depression
Current market since 2003
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.