S&P500 Value Index - Market Confluence

The iShares S&P 500 Value ETF seeks to find and track undervalued companies relative to those available in the universe of public companies.

Technicals:
Retracement to 61.8%
weekly Engulfing Bullish pattern at support
Confluence of horizontal support and fibs and market reaction
uHd

Weekly Snapshop:


Speculation:
A repeat of the bull rally of Q4 2023 will occur in Q1-Q2 2025.