Street Talk Live/Business Insider
According to Rosenberg, today's market action is most closely associated with "Phase 2" of Farrell's indicator — a strong fake-out rally stemming from a deep drawdown, followed by a lengthy decline. — Complete. From February 19th to March 23rd, the S&P 500 fell 30-plus percent as the — In motion. The S&P 500 trades about 6% lower on a year-to-date basis. Over a one-year time horizon, the index is up over 8%.
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