I’ve observed the US500’s performance over the years, marking rallies with a blue line and pullbacks with a yellow line. Looking at the chart, a systematic repetition of these movements emerges, which, at first glance, seems to follow a recognizable pattern.
Specifically, I’ve cloned the blue line from the rally that started on 03/23/2020 and ended on 12/20/2021, now represented by a green line, to hypothesize a potential future rally. This clone is based on the duration of previous pullbacks:
The first pullback, before the 2020 rally, began on 02/20/2020 and ended on 03/23/2020.
The second pullback, the current one, started on 02/17/2025 and might conclude around 04/07/2025, potentially paving the way for a new rally.
the angle of those pullbacks is almost identic
This "snapshot" observation suggests we could be nearing a turning point. Of course, this is just a hypothesis based on historical patterns, and I encourage cross-referencing it with other indicators or analyses. What are your thoughts?
Specifically, I’ve cloned the blue line from the rally that started on 03/23/2020 and ended on 12/20/2021, now represented by a green line, to hypothesize a potential future rally. This clone is based on the duration of previous pullbacks:
The first pullback, before the 2020 rally, began on 02/20/2020 and ended on 03/23/2020.
The second pullback, the current one, started on 02/17/2025 and might conclude around 04/07/2025, potentially paving the way for a new rally.
the angle of those pullbacks is almost identic
This "snapshot" observation suggests we could be nearing a turning point. Of course, this is just a hypothesis based on historical patterns, and I encourage cross-referencing it with other indicators or analyses. What are your thoughts?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.