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S&P 500 Index
Updated

SPX 2012 Fractal

173
This is a pattern seen many times. A new ATH and shallow pullback, a second failed attempt to make the high, and a deeper (ie 10%+) correction. The time of year and macro sentiment is right. 2012 predicts two attempts to break 2885, then a summer fade to 2918 (50% retrace).
Note
Check out the 2016 fractal as well, a bit worse, predicts 2600
adatherton
David Atherton
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Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)spxforecastSPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)spxforecastSPDR S&P 500 ETF (SPY) Trend Analysis
adatherton
David Atherton
Also on:

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.