S&P 500 - Coincidence or not???

Interesting that those 3 trend lines intersect right at the peak created by the COVID vaccine news the other week. It also happens to perfectly hit the 1.236 fib extension off the March low. If you did not know, 1.236 is the highest amplitude a corrective wave can go. If it breaks higher than that, it is a motive wave and not corrective.

Close up

snapshot

If it is corrective, then this is my guess what a correction may look like.

snapshot

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Clause de non-responsabilité

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Publications connexes

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NASDAQ = 2.76x dot com bubble since 2002. Will it pop the same?

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Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.