S&P 500 - Ending Diagonal Triangle - February 2025
The S&P 500 (SPX) could be nearing completion of an Elliott wave – Ending Diagonal Triangle (EDT) that began after the 11/04/24 bottom. This formation is the terminal phase of a larger degree trend.
Price frequently throws over the trendline connecting the peaks of the third and first waves. In this case the target zone is SPX 6,145 to 6,165.
Time zone for a top is 02/18/25 to 02/20/25.
Its rare for U.S. stocks to peak in February. The last time this occurred was just before the 2020 covid crash. The SPX peak was made on 02/19/20.
Its possible another SPX February top could be made almost exactly five years after 02/19/20.
Price frequently throws over the trendline connecting the peaks of the third and first waves. In this case the target zone is SPX 6,145 to 6,165.
Time zone for a top is 02/18/25 to 02/20/25.
Its rare for U.S. stocks to peak in February. The last time this occurred was just before the 2020 covid crash. The SPX peak was made on 02/19/20.
Its possible another SPX February top could be made almost exactly five years after 02/19/20.
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.