SP500 Boxes and Predicting February Price Swing Targets

SP500 Boxes and Predicting February Price Swing Targets One of the main principles of Technical Analysis (using charts) is that history repeats.Let’s take a look at a short-term repetitive pattern – using boxes – to study the recent past and possibly project the current future in the event history repeats for a fifth time in a row.Here’s the pure price S&P 500 index:The yellow boxes represent the spike (extreme) high and low of a sustained “swing” or multiple day rally in price.I connected the swing low to the swing highs until a large reversal candle developed (a down session or a period of down days) and the up-swing pattern was broken.Notice that this pattern – shown with highlighted boxes – has repeated four times before the current rally via Afraid to Trade.com Blog: One of the main principles of Technical Analysis (using charts) is that history repeats. Let s take a look at a short-term repetitive pattern using boxes to study the recent past and possibly project
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