S&P 500 IndexShort
SPX Fractal: 2008 Market Crash
“History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain
I've been noticing similarities between the 2008 top and the current market. If history rhymes, the market should find some support soon (3900-4000) before further downside later this year.
This theory is further supported by:
1. sentiment,which is at an extreme low
2. the long term logarithmic trendline, acting as support on several occasions
Best of luck traders.
Tips:
ETH: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
I've been noticing similarities between the 2008 top and the current market. If history rhymes, the market should find some support soon (3900-4000) before further downside later this year.
This theory is further supported by:
1. sentiment,which is at an extreme low
2. the long term logarithmic trendline, acting as support on several occasions
Best of luck traders.
Tips:
ETH: 0x13cd45d7d282ee0ee4635645cce2e2a566d9bed8
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