SPY completes 100% price rise cycle

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SP500 has a just about completing 100% cycle as seen from the chart. This can be seen as an additional conformation to other technicals. You can go back to 1950's and verify that markets have corrected, consolidate,crashed after this psychological number, multiple times. If its not 100% then it can be a multiple of 100% like the 2000 bull run was for very close to 300%

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