Dow Jones Industrial Average behaviour during Spanish Flu, as a road map.

Monthly chart of DJI showing the Spanish Flu period price action behaviour.If  the human nature is constant,will we see a repetition of similar price action behaviour in the markets ?

Going from this chart, it may be reasonable to assume that a SELLING CLIMAX may already be in place. Further tests/retests over the next few years of the SELLING CLIMAX is more likely than not.For a start of new BULL RUN  several years of making may not be unreasonable.

It is therefore reasonable to assume that a long drawn congestion/rangebound price action behaviour is well and truly on the cards for several years to come.

Chart is courtesy of tradingview.com

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