Analysis of the Chart:
Bull Run Identified:
Two bullish trends are highlighted after 10% corrections.
After each pullback of ~10%, the market resumed its upward trajectory.
Correction Zones:
First correction (~10.29%) occurred in mid-2023.
Second correction (~10.27%) happened recently in early 2025.
These corrections are typical in bull markets, indicating healthy price consolidations before further upside.
Next Target:
The chart suggests a potential next target of 8000 for SPX.
This implies a continued bullish trend and significant upside.
Conclusion:
The S&P 500 has experienced multiple bull runs after 10% corrections, indicating a strong uptrend.
If historical patterns repeat, the market could move towards 8000, provided macroeconomic conditions remain supportive.
Bull Run Identified:
Two bullish trends are highlighted after 10% corrections.
After each pullback of ~10%, the market resumed its upward trajectory.
Correction Zones:
First correction (~10.29%) occurred in mid-2023.
Second correction (~10.27%) happened recently in early 2025.
These corrections are typical in bull markets, indicating healthy price consolidations before further upside.
Next Target:
The chart suggests a potential next target of 8000 for SPX.
This implies a continued bullish trend and significant upside.
Conclusion:
The S&P 500 has experienced multiple bull runs after 10% corrections, indicating a strong uptrend.
If historical patterns repeat, the market could move towards 8000, provided macroeconomic conditions remain supportive.
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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.
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.