The Big Picture: Dec 21, 2015

Since the last Big Butterfly Pattern completed on May 20, TPTB have managed to limit the fallout to a relatively minor correction that left the rising channel from 2009 intact.  On both a percentage and duration basis, the August plunge wasn’t even as bad as the 2011 one.

2015-12-20 SPX wkly 2344That is, of course, if one considers the correction to be over.

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