The Pattern, Repeats

During the past two financial wipe-outs, Simon Property Group imploded.

From SPG’s highs in July 2016, to 2020 lows, SPG cratered -85.9%.

Before that, during the ’07 – ’09 meltdown, SPG followed suit with a swan dive of -80.4%, top-to-bottom.

Now, SPG is posting a repeating pattern.

Simon Property Group SPG, Daily

At this juncture, there are three possibilities:

Continuation lower, Upward test, then continuation lower, or Continuation higher.

Since price action looks quiet, no big fanfare of the (potential) reversal, an upward test of some type is probable (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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