SPY price chart similar to price of DJI during 1929

Short

SPDR S&P 500 ETF TRUST (AMEX:SPY)

Updated

AMEX:SPY SPDR S&P 500 ETF TRUST

trendanalysis chartpattern indicator spy spyshort djia usd depression

DJI during Great Depression price in USD is fairly close to S&P 500 index now. During Great Depression it was a 50% pullback followed by a 50-55% gain, followed by another 50% pullback.
On the SPY index it was about a 35% pullback and we are at the top of a 35% run up. Expecting a 38% pullback in the coming months.

Comment:

I forgot the FED just can print 3 trillion dollars and give the S&P 500 stocks a direct injection of buy orders. Noted for future reference

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