kylesutherlandsmith45

Tri Day Method on S&P 500 index

SP:SPX   S&P 500 Index
Everything about this works except for the finishing part. This says that the S&P will be at about 4412 sometime in the next 7 to 8 months. From this point it could be possible that this will be the next significant low and 5547 will be the next target. Its possible that it is being distorted by the large number of companies in the index. I will repeat the analysis with the top 10 to 12 companies and see if it is different result to this.
Comment:
I have to conclude that it is not a 3 peaks domed house because the figures just don't add up. I only need 3 numbers. The third peak is 3375 roughly. So F = 3385. The covid low is the bottom of the separating decline. G = 2250 about. N = The market high. Lets say 4780.
3385 - 2250 =1135. (F - G = y)
4780 - 2250 = 2530 (N - G = x).
y divided by x = 2.23
x times 2.23 = 2530 x 2 = 5641 - y = 4506 the expected points loss from the market high. Thats impossible! I will have to go back to the drawing board.
Lets say the third peak is 3011. It still doesn't work. I give up.

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