This is How The S&P 500 Index Will Rally
I saw the drop that just happened prior to it occurring. I did not see it dropping so quickly and well beyond typical intermediate wave 4s. With this most recent retracement covering 92% of all of wave 3's gains, it is time for the final uptrend to begin. Intermediate wave 3 took over 50 days to gain what intermediate wave 4 nearly lost in 14. My final analysis has the index regaining around 300 points in 25 trading days. This seems nearly impossible, but so was the recent decline. I have identified 15 possible levels for the top to occur. These levels are based on Fibonacci extensions, correlations to the other intermediate waves, and historical movement of the index since the beginning. The levels of interest are below. The bolded numbers represent the most likely top in my estimate.
2887.05
2911.46
2936.33
2948.32
2957.69
2967.80
2999.66
3034.38
3036.00
3065.17
3065.37
3094.74
3131.08
3145.97
3383.19
The full analysis is available at my site for free along with other data.
2887.05
2911.46
2936.33
2948.32
2957.69
2967.80
2999.66
3034.38
3036.00
3065.17
3065.37
3094.74
3131.08
3145.97
3383.19
The full analysis is available at my site for free along with other data.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
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