Based on the SPX chart along with the fed funds rate and when recession occurred. There was a long gap between recession, fed pivot and eventual bottom. i.e. more pain ahead if we follow this.
/ES just blasted off and is forming a symmetrical triangle.
Symmetrical Triangles: Important Bull Market Results
Overall performance rank for up/down breakouts (1 is best): 36 out of 39/34 out of 36
Break even failure rate for up/down breakouts: 25%/37%
Average rise/decline: 34%/12%
Throwback/pullback rate: 62%/65%
Percentage meeting price target for up/down...
