On March 24, 2024, it was noted that S&P500 trade patterns indicated algorithms were in the process of developing a structure similar to March 2019 and February 2020. In addition to key signal points identified for 2023 – 2024, one additional point was added on March 25, 2024. This internal trade structure pattern is similar to what occurred between August 15, 2021 and November 17, 2021.
A decline in 2024 is expected.
Stock charts courtesy of StockCharts.com.
