Similarities between 1/21/08 & 12/26/18: -SPX dropped 19% -200MA bounce
Potential next moves: -Retest of 200MA (could happen more than once) -50% retracement from recent highs. Note this took 119 days and SPX gained approx 13.3% during this time before falling much further into the bear market.
History does not always repeat itself. But similarities in price action is interesting none the less.
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