Within the last 26 years the largest July to October S&P 500 – decline occurred after the July 1998 top. That decline into October 1998 was 22.50%.
The next largest drop happened in 2011. The July 2011 peak was marginally below the May 2011 top. The decline from July to October 2011 was 20.80%.
It was a Fibonacci 13- years between July 1998 and July 2011. Adding 13 – years to July 2011 targets July 2024.
It’s possible the S&P 500 could decline more than 20% into October 2024.
The next largest drop happened in 2011. The July 2011 peak was marginally below the May 2011 top. The decline from July to October 2011 was 20.80%.
It was a Fibonacci 13- years between July 1998 and July 2011. Adding 13 – years to July 2011 targets July 2024.
It’s possible the S&P 500 could decline more than 20% into October 2024.
Related publications
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.
Related publications
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.