Market Crash Reversal Patterns 'Experiment' With History
Chris Kimble | Apr 08, 2020 04:42PM ET
S&P 500 Index Versus 'Inverted' 30-Year Yield 'Monthly' Chart
Stocks and treasury bond yields had a wild (and scary) month of March as the financial markets crashed to new lows.
In today’s chart, we highlight this by looking at long-term “monthly” chart of the S&P 500 Index versus an “inverted” 30-Year US Treasury Bond Yield.
Note that inverting charts offers a different perspective and reduces bias. For more on this, from 2015.
Today’s chart highlights huge reversal patterns for both stocks and bond yields.
The inverted chart of the 30-Year yield shows the largest “monthly” reversal pattern in a quarter-century occurred in March at (1). At the same time, the S&P 500 put in a large bullish reversal pattern while testing the December 2019 lows at (2).
This chart was first written for
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