What If S&P 500 Was Extending Its Uptrend from the week of 12/24/2018 Low

 What if the starting point was the week of12/24/2018 when the index hit the low of 2346.58.

The Fibonacci projected the 100% high at 3336.  The actual high was 3394, a 58-point difference or 1.7% shy.  That’s pretty close.  Then, COVID-19 hit unexpectedly.  What if there were no COVID-19?  The market would have continued its usual course.  The 261.8% projected high would have been 3954.  The index hit 3950 on 2/16/2021.  That’s stunning.  Of course, this is just a What-If.

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