Acting As It Did 20 Years Ago

20 years ago there was a November decline.

After the November 1991 decline there were two bullish engulfing patterns that reversed the trend back up.

So far in 2011 we have the first bullish engulfing pattern, waiting for another which may take a week or so.

As long as the SPX stays within the range of yesterdays large engulfing candle, the 20 year rally should be on track.