Not sure what of make of this observation on SPX. There has been a strange pattern of corrections of 5%, 7% and 16% in the last 3 years. Now we have just seen a 7% drop from the most recent high of 1408. Will it continue to drop to 1180 for another one of these 16% drops, or will this be another of those 7% drops and it will bounce up from here?
No comments:
Post a Comment