BZ Chart Of The Day: History Says SPY Goes Lower

If history is any guide, and it usually is, the SPDR S&P 500 ETF Trust SPY could continue to trend lower. It may even get all the way down to $310, which is about 17% below current levels.

A bear market is one that falls by more than 20% from its peak. Since 1929, there have been 25 bear markets. The average price decline has been about 35%.

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