SPDR S&P 500 ETF Trust

Repeat of the 2000 dot-com bubble? Some dubious speculation...

538
I took the bar pattern of the 2000 bubble pop and subsequent bear market and copied it to the present day to see what it would look like.

I did adjust the shape a little to make the H&S look more symmetrical, just like the H&S in 2000.

You can see it fits rather well.
- The RSI is topping and expected to trend lower.
- The bottom of the breakdown lines up with the market top in 2000 and 2008.
- It bottoms at the lower support of the megaphone pattern.
- Finally, the length of the move is proportional to the one in 2000.

Despite how 'perfectly' it all fits, extrapolating 2 years out to find the bottom is dubious speculation. It goes without saying, but it most likely will not go down like this.

Disclaimer: I am not bearish nor am I bullish. I don't hold a macro outlook. I simply react to what the market tells me. This was just a fun hypothetical.

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