Tuesday, 3 November 2015

S&P 500 comparison between 2000 and 2015 says big secondary peak due now

S&P 500 all sessions action in 2000 and 2015 show some interesting parallels IF the market made a big secondary peak yesterday. There's no evidence yet that it did, but this comparison suggests we be alert to that possibility.


2000

Topped March 24

Secondary peak September 1

Top and secondary peak five months and one week apart

Initial decline 1552.9 to 1339.4 = 213.5 = 13.75%

Secondary peak was at 1530.1 ie. market rallied 89.32% of initial decline


2015

Top May 19

Secondary peak ???? but assume yesterday

Yesterday was five months and two weeks past top

Initial decline 2136.8 to 1834 = 302.8 = 14.17%

Yesterday's top 2106.2 ie. so far rallied 89.9% of initial decline