[malaguti]

One more chart, historically going back to 1960 every 20% "retracement" from the lowest close resulted in a bull market
except one, in 2002.
The S&P has now seen a rise of over 20% on a weekly timeframe...what does history mean in this case?
The chart attached is on a log scale in order to show the relative rise and fall along with a 20% zig zag overlayed. I've highlighted in 2002 where in hindsight we can see this did not quite pan out