If you look at the S&P 500 Stock chart, we see a very large Major Dome. Dome patterns are often a topping pattern, and the larger the dome, the larger the drop.

February11_2016_Annotate

We see the large dome start from around 2014 all the way up to February, 2016.

Based on the height and magnitude of the dome, we (human opinion) expect a downside target of around 1600 on the S&P 500, for another drop of 13%, sometime in 2017.

Not all Bear markets go straight down, so there may be short and violent tradable rallies, but we are likely to hit 1600 on S&P 500 by sometime in 2017.

Major Dome equals Major Stock Market Drop. Target 1600 on S&P 500, another 15% down.
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