We first showed this chart last year to our members; It's quite amazing the symmetry here and how the elliptical pattern has exactly followed each major top/peak of the market rally following the bear market 2009 bottom. Going forward it will be interesting to see if the SPX can once again test the upper parabola this year. Also note how the 14/3 Stochastic is now getting overbought again, therefore I do not think the S&P 500 will be able to break out of this pattern and will once again turn back down near the upper parabola.
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