Major S&P 500 - Fibonacci Time Cycle
Within the last 26 years the largest July to October S&P 500 – decline occurred after the July 1998 top. That decline into October 1998 was 22.50%.
The next largest drop happened in 2011. The July 2011 peak was marginally below the May 2011 top. The decline from July to October 2011 was 20.80%.
It was a Fibonacci 13- years between July 1998 and July 2011. Adding 13 – years to July 2011 targets July 2024.
It’s possible the S&P 500 could decline more than 20% into October 2024.
The next largest drop happened in 2011. The July 2011 peak was marginally below the May 2011 top. The decline from July to October 2011 was 20.80%.
It was a Fibonacci 13- years between July 1998 and July 2011. Adding 13 – years to July 2011 targets July 2024.
It’s possible the S&P 500 could decline more than 20% into October 2024.
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