$SPX has developed a Broadening Formation Pattern (BFP) since 2018. If you go back 100 years, the only other BFP can be found in 70s. Back then, SPX made another low, which was followed by a multi-year bull market.

$SPX has developed a Broadening Formation Pattern (BFP) since 2018. If you go back 100 years, the only other BFP can be found in 70s. Back then, SPX made another low, which was followed by a multi-year bull market.

History doesn't repeat itself but it often rhymes.

Thoughts? pic.twitter.com/NUVEy3HxeY

— Yuriy Matso (@yuriymatso) October 18, 2020

Cycles Matter.

Destruction Accelerates Progress. t.co/Stu64yHUww

— Paranoid Bull (@paranoidbull) October 18, 2020