USA S&P 500 IndexShort
S&P 500 for 5200
So let's look at this index swing pattern for 2024.
1. Swing Low - Jan 5 at 4667.
2. Swing High - March 29 at 5284. Duration 30 bars and 84 days.
3. Swing Low - April 18 at 4903. Duration 7 bars and 20 days. Fibonacci 618 retracement.
4. Swing High - July 15 at 5674. Duration 31 bars and 88 days.
Next Move
5. Projected Swing Low - If we apply an 8 bar (16 trading days) duration and Fibonacci 618
retracement, there is a suggestion of
a. Price - 5200
b. Within 8 days of trading.
From there, the Bull Market has its next impulse to 6000.
1. Swing Low - Jan 5 at 4667.
2. Swing High - March 29 at 5284. Duration 30 bars and 84 days.
3. Swing Low - April 18 at 4903. Duration 7 bars and 20 days. Fibonacci 618 retracement.
4. Swing High - July 15 at 5674. Duration 31 bars and 88 days.
Next Move
5. Projected Swing Low - If we apply an 8 bar (16 trading days) duration and Fibonacci 618
retracement, there is a suggestion of
a. Price - 5200
b. Within 8 days of trading.
From there, the Bull Market has its next impulse to 6000.
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