The Dow and S&P500 chart structures between October 7, 2024 and January 23, 2025 are similar to the Dow and S&P500 chart structures between July 29, 1929 and October 11, 1929. Current conditions noted on January 21, 2025 showed a repeat of the October and November 2023 chart structure with the potential of moving higher in 2025. This could change quickly depending on what the Fed does with interest rates on January 29, 2025. It is a wait and see situation with the Fed.
Note that this information is for educational purposes only and not a recommendation.
Stock chart courtesy of StockCharts.com.
