Is the Road to S&P 500's 6400-6500 in Jeopardy?
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The S&P 500 index is currently following a Fibonacci-based ending diagonal pattern. If the index holds at SPX5728, it is expected to reach SPX6260 before a significant correction occurs.
March 04, 2025 | 8:45 pm
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The S&P 500 is following a Fibonacci-based pattern, with potential to reach SPX6260 if it holds at SPX5728, before a major correction.
The S&P 500's movement is crucial for SPY as it tracks the index. The potential rise to SPX6260 suggests a positive short-term outlook for SPY, but a correction could follow.
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