"The Four Big Bad Bear Markets. Where Does This One Rank?"

11/06/2015 6:00 am EST

Focus: MARKETS

Chris Kimble, of Kimble Charting Solutions, takes a technical look at four historic bear markets from the past century to determine how this bear compares and points out that what it does with this key level could go a long way towards seeing if this recent strength can continue into a historically positive seasonal time of year.

What happened 2,084 trading days ago? The S&P 500 (SPX) peaked in 2007, that’s what.

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Here we break down that bear market with the three other big bear markets of the past century.  As you can see, this one had the second largest decline (56.78%), but it has also had the best bounce off the lows. Considering the 1929 Crash was down 64.22% right now, the 34.80% gain since the 2007 peak feels pretty good.

Seasonality favors the bulls here, but the looming 161,8% extension of the 2009 lows and 2007 peak continues to hover just a few % overhead.

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This key level (2,150 zone) is just a couple of % above current prices.

What it does with the key price zone could go a long way towards seeing if this recent strength can continue into a historically positive seasonal time of year.

By Chris Kimble, Founder, Kimble Charting Solutions

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