Tag: Retracement
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We’ve been here before
Stock prices tend to retrace their steps. Much like lightning hitting the same spot. Note the below chart which compares S&P500 performance during the second quarter of 2015 (15Q2 green line), third quarter of 2015 (15Q3 red line) and the current quarter (16Q2 thick blue line). 15Q2 was characterized by an extremely stable range bound…