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the question is in the title and why is it that the market follows a cycle? By cycle, I mean that the market is going up since 8 years and that we think that, most likely, the market is gonna go trough recession soon? I might be clear on this, im sorry. thank you for the answers

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    $\begingroup$ Don't believe everything you hear... there are a lot of legends and superstitions on Wall Street... $\endgroup$ – noob2 Nov 16 '16 at 19:03
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It may well be just because a lot of other traders follow the idea of Fibonacci retracement.

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