S&P 500 trend lines and ending patterns

608
Just something I noticed today. Drew up what look like to be the key trend lines for the rallies over the last few years. I also noticed that each rally had a similar wave pattern throughout the middle (12345), a long almost pull back free middle, and then a WXZ with 1.5 fib ext at the end. Now, it is still too early to know if that pattern will hold now, but this down week does lend some credence to the idea.

Note that this in on the Vanguard S&P ETF, so the numbers are not perfectly aligned with the SPX or SPY.

syot kilat

2018
syot kilat

2019
syot kilat

2020
syot kilat

2021 at 4h
syot kilat

Hope it helps.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.