WTF Chart of the Day: Emini S&P War / No War Mess

By Lawrence

I posted last time on what happened back in 2003 with the Iraq war.

Following is the same chart updated with swing size details.

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Comparing that to what is happening now, it is similar in an eerie way.

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1. First talk of military action back in mid-July 2013. Yep, you read this right, the timing is the same as the blue up arrow in the 2003 chart.

2. Same 50% pullback as highlighted by the red line in the middle of the chart.

Big Question – Rally to double top or similar target like 2003?

That we have to wait and see.

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