February 25th, 2020: SP-500 Chart Comparison Year 2007 vs 2020
Posted by pugsma on February 25, 2020
Here is an interesting look at how the year 2007 SP-500 top played out versus what is happening now in year 2020.
Some things to note:
- Feb 2007: SP500 has a -7% sudden drop from over bought to over sold conditions with a NYMO level near -100.
- Feb 2020: SP500 has a -8% sudden drop from over bought to over sold conditions with a NYMO level near -100.
What happened next:
- Mar to Aug 2007: SP500 rallied +14% to 1550.
- Mar to Aug 2020: My target is an SP-500 rally of +14% to 3555.
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