This is a STI weekly chart going all the way back to 1997.
Arrows on the price chart point out to where the STI makes a 52-week low for the first time after a new 52-week high.
i.e. 1-year low signifying the end of the bull trend / or confirmation of the bear trend.
Arrows on the stochastic oscillator are where it becomes overbought for the first time, after making the 52-week low.
Highlighted on the chart are the price movement immediately after the overbought stochastic oscillator.
So look what is the situation at the moment now.
The stock market adage is that history repeats itself.
Is history going to repeat itself here?
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