The SPY monthly chart shows two clear run ups and the resulting retracemet. The first cycle started in 1994 and ran up for 71 months and then retreated 76.4% in less than half the time it took to reach the high..
The second run up ran for 60 months and retraced 100% of the run up in 17 months.
Our current up cycle has been in place for 75 months and has had a nice run up. If we were to start a retracement period of the same proportion as the 1994 cycle, we would have 34 months of a down market and we would see the market retrace 76.4%.
The second run up ran for 60 months and retraced 100% of the run up in 17 months.
Our current up cycle has been in place for 75 months and has had a nice run up. If we were to start a retracement period of the same proportion as the 1994 cycle, we would have 34 months of a down market and we would see the market retrace 76.4%.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.