The similarities between the price action of this top and the 2008 top are almost uncanny. Gotta love market cycles.. throwing this out there to look back in the future to see how it plays out. The 2008 overlay drop admittedly goes a bit lower than I was looking for this correction (eyeing the covid retracement fibs for targets at 29.8, 27.5, and then finally was looking for a potential way-too-early-to-call bottom of 25.3k).
Comment:
Here’s the overlay tightened up a bit to align with the targets I’m keeping an eye on.
