Is SPY behaving identically to what happened in November 1973?
Aggiornato
Ok hear me out, I believe that today's price action in the year 2023 is eerily similar to what has happened in November 1973. I am not saying that is what will happen today but I can't shake the feeling that this is what will likely happen.
Nota
Today's price action in the year 2023Nota
After the triangle broke in 1973 a massive 40% drop ensued.Nota
The same 40% drop today would take us to the monthly 200sma
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