S&P 500 Futures LT Adjustment (Jan 15th 2021 through Oct 2021)

S&P 500 E-mini Futures (ES) (January 2021 through October 2021)

Low: 3,583 points
High: 4,916 points

I've been bullish on the S&P 500 for a little bit of time now, but I don't believe I set my fibs up correctly in past charts.

Here's a basic synopsis of what I think the timeline could look like now:

• I think the S&P 500 could go towards 4,259 points by February / March 2021. There may be a significant selloff near that level that could bring the ES back down to 3,700-3,800 points range, this could last well into April / May 2021 in my estimates.
  
  
• This is where my idea gets a little bit unclear. I have many speculations that there will be a major market crash this year, and since we didn't see one the last half year, I do believe we still have bullish moves left to make, but where will the top be for the year?
  
  
• If most markets can hold through whatever selloff I think is coming, S&P 500 could possibly find a new ATH towards 4,916 points next by October 2021. By then, I can almost guarantee a major selloff if that scenario happens. But it would still beg the question, is it the start of a bigger crash, or will it be just a correction in the grand scheme of the current wave? If a major market crash doesn't occur then, I would not be surprised to see S&P 500 head towards 6,000, 7,000, and possibly even 7,700 points not too long after 2021 through 2024-2026. But I'm already getting ahead of myself.
  
  
• If a peak seen in February 2021 results in a correction that doesn't hold above 3,500-3,600 points, there could be a chance of going back to 3,000 points or lower. But I cannot say with 100% certainty, these are just price levels and trends I'll be watching closely.
  
  
• One interesting coincidence/bias in my own thinking is my suspicion that if Bitcoin and crypto markets don't crash harder than a basic correction in the next 2 months, they could also have a significant run until October 2021. But that is based on a trend line in another chart that could mean absolutely nothing. Both stock and crypto markets seem to have coinciding timelines/major trend directions/corrections in my analyses and potential scenarios I can see playing out.
  

The idea this derived from comes from the related idea attached below:

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