Happy Easter

 

 

Wishing you and yours and Happy Easter!!!

 

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Will the Dow “Hop” over this?

 

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Needless to say, the 1974 & 2009 lows were very important for the Dow. If you take these lows and apply Fibonacci to them, a 261% Fibonacci extension level at the top of a multi-decade rising channel both come into play right now for the Dow.

Will the Dow "Hop" over this key price point?  It would be a big positive event if it does.

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Joe Friday…This only took place in 1987, 2000 and now!

 

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The lower section of the above chart measures 5-year rolling performance of the S&P 500.  This great chart comes from Shortsideoflong.com. 

In the past 50-years, 5-year rallies of 170% or more has only taken place in 1987 and 2000.

Joe Friday....Now the 5-year rolling performance is hitting this line for the third time in 50 years and  it is hitting some resistance lines tied to key price points dating back 30-years.

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