April Stutter
Image Source: Pexels
Most analogs offered these days borrow price data from many years, or even decades, ago. I’d like to offer something more recent. I was wondering to myself what the last major dip in the market looked like just before it commenced. I noticed a sizable “stutter” to the market’s ascent in 2021, and I couldn’t help but notice we had exactly the same thing happen in April of this year.
I was curious how similar the 2020-2021 setup was to the 2023-2024 price data. I’ll let this layered mode chart of the SPY speak for itself:
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