S&P 500 vs 2008

I am a true believer in the idea that time is a flat circle.

Everything happens in cycles, not in the same exact way, but history does repeat itself. When you look at the S&P500 chart for this year VS. the 2008 chart, it is pretty incredible how close they resemble each other.

Over the next few days I could see a rally and next leg up by at least August 8th. I definitely think we see 4200 by then.