Guys, it's hard not to notice how similar the 2007
SPY
chart is to our current 2022.
Honestly, I wouldn't go so far as to say - "THE NEXT CANDLE/BAR WILL BE THE SAME!"
But just to take note, I think it's probably worth it, because if you look closely, we're actually doing the same thing in the big picture.
Conclusion:
- Will I trade SPY trying to repeat the 2007 chart?
No, I would not.
- Is it worth using this as an additional variable in decision making?
I don't know, let everyone decide for themselves.
- Does this similarity mean that further action will be the same?
No, 100% it does not.
SPY
chart is to our current 2022. Honestly, I wouldn't go so far as to say - "THE NEXT CANDLE/BAR WILL BE THE SAME!"
But just to take note, I think it's probably worth it, because if you look closely, we're actually doing the same thing in the big picture.
Conclusion:
- Will I trade SPY trying to repeat the 2007 chart?
No, I would not.
- Is it worth using this as an additional variable in decision making?
I don't know, let everyone decide for themselves.
- Does this similarity mean that further action will be the same?
No, 100% it does not.