UPDATE - Well almost 2 months later and the fractal off the 2009 low, extremely compressed from 1 month to 2 days, reached new highs with very similar indicator patterns. Watching for the MACD to turn up and rsi to stay well elevated to confirm it's still following along the analog.
The 1.618 fib extension target is just above 4075 and eyeballing the timeframe I would say right around election day.
good idea but i think you might have made a mistake in your choice of fractal. you assume that the corona collapse corresponded to what happened between october 2007 and march 2009. in my opinion, however, september 2000 to october 2002 should be considered. then the "recovery" and where we are now would just be "the new ATH" october 2007. and you can see what happened after "the new ATH" october 2007... who knows, but it's a possibillity too, imho
proxynoorigin
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@ReallyMe,
I couldn't care less what happened in 2007 - 2009 or whatever... This is just an analog, matching two very different timeframes that show similar characteristics... Make of it what you wish....
ReallyMe
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@SteveGoodwin, Uh-huh, all right. Sorry to interrupt.