Hey Traders, while doing hw on the charts for the week ahead, I found something very interesting. 23.6% retracement of the whole bear market was a great target for all the snapback rallies we have had to date, especially once the bear market became very extended. If history repeats itself, after seeing the recent low , we should see at least 883.5 on this snapback rally, see the charts below:
Exhibits 1-6:
Even though we have already rallied an incredible amount, as traders we have to be open to every possibility, especially such as history repeating itself.
Enjoy