SPX has had 3 major pull backs (some would call reversals >20%).... This first one resulted in ~34,000 point drop, the second one resulted in ~60,000 point drop (~2x), the third one resulted in a ~120,000 point drop, and the next one should be ~240,000 point drop which IF happens would put the S&P500 at ~$1000.... interesting fractal...
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