Vertical lines on the chart show the general areas of peaks and troughs.
What we can see:
1) There is +/- a few weeks or months on each
2) The size of each cyclical collapse varies greatly
3) We missed a "large" crash in 2015-2016 (perhaps COVID made up for this?)
4) Since the 2008 crash, we've stayed in a parallel channel, then burst above it with COVID stimulus
5) If we maintain 15-year channel SPY must hold 330-340 in the next 2-3 quarters
6) If we do hold the channel, it could be a great buying opportunity!
What we can see:
1) There is +/- a few weeks or months on each
2) The size of each cyclical collapse varies greatly
3) We missed a "large" crash in 2015-2016 (perhaps COVID made up for this?)
4) Since the 2008 crash, we've stayed in a parallel channel, then burst above it with COVID stimulus
5) If we maintain 15-year channel SPY must hold 330-340 in the next 2-3 quarters
6) If we do hold the channel, it could be a great buying opportunity!