There's symmetry at work for that to happen if this low holds. Using the SP500 that would mean a double bottom was in place with a range of just over 400 from the base to the target. That target level is also at 50% of the range down from the 2000 and 2007 tops.
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Last
8,737.2 |
Change
60.000(0.69%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,677.2 | 8,748.6 | 8,677.2 |
| XJO (ASX) Chart |