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Chart of the Day: S&P 500 70-Day Cycles

Stock_Situation

CNBC is noting a interesting study performed by Jordan Beck at BTIG.   Since the market highs in 2007, the analyst has identified key trend reversal points occurring at 70-day intervals on the S&P 500 Index.   The current 70-day cycle comes to an end today (Friday).   To read more, visit http://www.cnbc.com/id/40137432.

SandP_70_day_cycles

 

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