Analog Watch: May 13, 2022

Friday the 13th – an inauspicious day to break a new analog!  With SPX nailing our downside target and futures breaking out of the falling wedge pattern yesterday, we’re off to the races.

These things don’t always work out. But, when they do, it can be a career-making trading opportunity. The one which worked out absurdly well was back in 2011. The 22% correction played out almost exactly as forecast, with the vicious 11-day, 18% plunge starting on the very day and within 1 point of what the analog promised. You can read all about it HERE.

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