Scandex Market Update – March 26

I continue to track 1929 as a template for the current market. It’s possible that the rally is complete and that we’re going for the ‘re-test’ (in reality a lower low) now. I’ve anchored the analog using closing prices (see below), which line up better than high/low bars. If this plays out, then a final low is due April 3rd (next Friday) near 14,900. That would entail a flush under the 2015 and 2016 lows before all is said and done (see weekly chart 2 charts down).

Scandinavian Capital Markets Review