So, a lot has already been said about the stock markets entering bear territory. Not here to talk about how far the market could possibly drop. But at the same time, yours truly would like to share what I think what we could very well see happen...The funny thing with the markets is that, like humans, it has a fairly good memory of what happened in the past. However, it does not remember EXACTLY what happened, detail for detail. We remember recent events with better clarity as compared to events far in the past. Legendary Howard Marks puts it succinctly as "The events of investment history don't repeat, but familiar themes do recur, especially behavioural themes." Below, I share the chart of the S&P 500 index (cash), monthly, in log scale just so we can see the price action back in 196

As mentioned in my preivous post, we are seeing a cautious rally..For the time being at least till the end of this week, we could possibly see a healthy pullback towards the 3980 level.After that, possibly see a re-newed bounce. https://www.tradingview.com/x/Re9ths1C/ #trading #investing #technicalanalysis