Here is the S&P Chart covering the same time period. The October low was 1805. That’s a 1 year low. S&P futures then rallied to 2088.75 on Dec 26th and again on Dec 29th. That’s 283 Handles, or 15.6 %….. In 2 months… This parallels the move in the Dow that I sent earlier. 1980.71 is the 38% retracement of this large move. 50% pullback takes us to 1947.22 62% pullback takes us to 1913. Any one of these “corrections” would not be out of the ordinary. They would be large numbers, yes…. But percentage wise, they would not be out of the ordinary.
