SPY rollover coincidences over the years
SPY price pattern of the last year seems to resemble the rollovers (or attempted rollovers) of the past 15 years. They all have at least 3 key characteristics in common... they all top at $34/$35 above an established neckline and they all move in tandem with basic fib lines. Other noted items include a price relationship to $60 (x1, x2, x3) and a similar length of time to work through, roughly 2 1/2 years for breakdown to occur/confirm.
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