S&P 500 summary for last week – 8-12.12.14.
Take a look at analogy on S&P 500 weekly charts. First period: July till October 2007 -> move from 1555 to 1370: 11% drop. After that S&P 500 moved to new highs. After that you can notice black marubozu candle – it lead to new lows -> then S&P 500 moved up to 1552. And that was start of 20% drop on S&P 500. After that all of us know what happen.
S&P 500 – hourly.
S&P 500 – daily.
S&P 500 – weekly.
