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.