SPX Tech Bubble Fractal Analysis
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Hey everyone,
Figured i'd toss this up real quick.
So what's the difference between the 2000 bull market(s), parabolic run and subsequent 50% bear market? Well, at this point it's one correction, 70 days, and 100%.
The chart above is the fractal or "bars pattern" from 12/12/94 overlaid across the SPX starting from 02/16/16.
It looks like this:
With four corrections, and one bear market.
The 2000 parabolic market was 2093 days long, consisted of 5 corrections, and one bear market.
Zoomed out:
So that means we could be 105 days, and a parabolic rise away from a massive market top. But, this is just an analysis. Price is the ultimate arbiter.
This is not trading advice. This is my own personal opinion based off my own personal TA. You are responsible for your own trades.
Figured i'd toss this up real quick.
So what's the difference between the 2000 bull market(s), parabolic run and subsequent 50% bear market? Well, at this point it's one correction, 70 days, and 100%.
The chart above is the fractal or "bars pattern" from 12/12/94 overlaid across the SPX starting from 02/16/16.
It looks like this:
With four corrections, and one bear market.
The 2000 parabolic market was 2093 days long, consisted of 5 corrections, and one bear market.
Zoomed out:
So that means we could be 105 days, and a parabolic rise away from a massive market top. But, this is just an analysis. Price is the ultimate arbiter.
This is not trading advice. This is my own personal opinion based off my own personal TA. You are responsible for your own trades.
Ghi chú
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