There are other similarities between now and 2007. . .
The charts below compare the S&P500 during the GFC (top) and now (bottom) aligned by the months. Since July the dates of the highs and lows have been bang on. Going forward, this predicts a 1 week dip until Sept 1, then a strong Sept rally with the top happening on Sept 30. The election is a week later on Nov 5 (red vert. line).
There are other similarities between now and 2007. . .The charts...
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Last
8,208.9 |
Change
-60.900(0.74%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,269.8 | 8,269.8 | 8,186.6 |
| XJO (ASX) Chart |