SPY/S&P500 price retracement targets based on fractals 478-482

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https://www.tradingview.com/x/32fzi4xp/
The chart above looks at stock market retracements since the 2008 bottom. Retracements are simple Fibonacci ratios. In my observation, except for COVID-19 19 which was an outlier, every time the stock market crashed, it found bottom around .236 Fib ratio. This means that if this crash continues, the market will most likely find bottom around SPY 482 - 478.
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Market bottomed exactly as my analysis suggested at SPY 481.

Feragatname

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