The S&P500 is still on track to move above 4228 and fill its August 19-21 futures gap. On a relative scale, calculations indicate algorithms developed the January 19, 2023 to February 7, 2023 1-hour futures chart structure (with adjustments as needed) based on characteristics from the July 14, 2022 to August 10, 2022 1-hour futures chart. Using these similarities, calculations indicate a move up to 4297 (+/- 1%) is expected before making a significant move to lower levels.
Stock chart courtesy of StockCharts.com.
