SP500 rose 4% from 1882 to 1965 in the week ending 24 October. The lows expected in November 2014 look like they have been postponed for a couple of months.
Similar moves in 2007 saw the SP500 fall 12% from 1556 (Thursday 19 July) to 1370 (Thursday 16 August) in 20 days, only to bounce back to new highs 1576 (Thursday 11 October) 8 weeks later. A fall of 11% and retest at 1406 happened on Monday 26 November, led to a lower high 1523 (Tuesday 11 December) before the market turned bearish with a close 20% down at 1270 (Wednesday 22 Jan ) and retest 1257 (Monday 17 March) 3 months later.
SP500 peaked at 2019 (Friday 19 September) and made a 10% low 1820 (Wednesday 15 October) in only 18 days. A high around 2050 should come in around mid December, just in time for the Santa rally.
Similar moves in 2007 saw the SP500 fall 12% from 1556 (Thursday 19 July) to 1370 (Thursday 16 August) in 20 days, only to bounce back to new highs 1576 (Thursday 11 October) 8 weeks later. A fall of 11% and retest at 1406 happened on Monday 26 November, led to a lower high 1523 (Tuesday 11 December) before the market turned bearish with a close 20% down at 1270 (Wednesday 22 Jan ) and retest 1257 (Monday 17 March) 3 months later.
SP500 peaked at 2019 (Friday 19 September) and made a 10% low 1820 (Wednesday 15 October) in only 18 days. A high around 2050 should come in around mid December, just in time for the Santa rally.
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