Forget 666; 808 Is The Number Of This Market's Beast

Tyler Durden's picture

Presented with little comment, except to say - it seems, as Boaz at EminiAddict points out, that the S&P 500 likes to travel around 808 points from swing low to swing high. Extending the analog suggests a drop to 565 on the S&P 500 by mid-2014.

 

 

and using EminiAddict's channel projection... suggests a 565 swing low to come...

 

(h/t @eminiaddict)