Predictive Analysis on the S&P 500 Over the Next Few Years for CURRENCYCOM:US500 by austunutsua — TradingView

This chart has indicators showing recent trends in the S&P 500 . The yellow line is my prediction for what is to come, the solid horizontal lines are historical resistance and support, and the dotted vertical lines are monthly time periods from the market top (September 2020) based on the Fibonacci sequence. Furthermore, I used Fibonacci retracments paired with historical zones to determine where I think we are going. I predict that we drop 1 level in retracements on a monthly Fibonacci cadence (i.e. 1 month = 1 level –> 1 month = 1 level –> 2 months = 1 level –> 3 months = 1 level –> 5 months = 1 level). I estimate that we follow this pattern until we we re-test the bottom around $2,100 (1 – .786 region on retracment).

The following are my lower-bounds (blue) and upper-bounds (pink) for my X-Axis monthly cadence. Basically, my low bound is market top month (September) plus Fibonacci sequence, while my high bound is market top month (September) plus Fibonacci sequence from the prior sequenced month. Black lines are where low and high bound has a matching month.

0: low (September + 0 Months = September)

0: high (September + 0 Months = September)

1: low (September + 1 Month = October)

1: high (September + 1 Month = October)

1: low (September + 1 Months = November)

1: high (October + 1 Months = November)

2: low (September + 2 Months = November)

2: high (November + 2 Months = January)

3: low (September + 3 Months = December)

3: high (January + 3 Months = April)

5: low (September + 5 Months = December)

5: high (April + 5 Months = September)

…

21: low (September 2020 + 21 Months = June 2023)

13: high (September 2020 + 21 Months = June 2023)