prd001

SPY rollover coincidences over the years

AMEX:SPY   SPDR S&P 500
spy
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.
It is on the precipice!
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based on your chart it doesnt match a roll over, 2016 is up ?

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prd001 PRO kevinmick
I had made no reference to the bullish/bearish status of the current market conditions. At present, current chart patterns seem to be similar to all highlighted previous actions. Take from it what you will. I give no predictions as to future market direction.
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i see it clearly thank you
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So has the market rolled over?
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prd001 PRO Will Wong
Yes it has... in 2000 and 2008.
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