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Interesting longterm topline for me. Good counterpoint to the excellent support zones, keeps us open minded. Do all l/t rallies show the same declining pattern, or is it more pronounced in this decade? I suspect it will be the latter, but it obviously can't be used for timing in any case.
HERE we are with SPX backtesting 200dma after a signicant drop below the 200dma , History says another correction 10% deep is imminent for after such deep downmove a straight breakout of 200dma is a rare event . Time to build a position accordingly imo
