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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.

SP500 Technical Analysis

 

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