Was Jan. 23 a Global Climax Bottom?

IOO is an ETF representing the S&P Global 100 - the 100 largest corporations in the world.

As I was playing around with different views I found a new 3 yr. trendline created with the Jan. 23 drop that also coincides with 61.8% fibb level.

Given that it's a recent low, it "bears" watching, though.

Also of note is IOO is a thinly traded proxy.

Still.... sometimes optimism pays