Perfect symmetry S&P500

There are certain times during a bull market correction when the market throws up some perfect symmetry, providing you with an almost exact price point in which to enter the market.

I am referring to the most recent low in the S&P500 index that came in on 7 April 2025 at a price of 4835. Symmetry so perfect it was almost to the exact point.

The first chart I want to show is the repeating price movements down of 1327 points in the S&P500 (see chart below).

My first reference point here is the yearly high in 2021 and the price move down into the yearly low for 2022. A price movement of 1327 points.

Taking this same price move off the 6147 all time S&P500 high brings us to a price target of 4820 on the S&P500 to look at for buying support.

Next, I want to show you the chart below which brings out the major 50% Fibonacci retracement in the S&P500 from the same 2022 yearly low (which was our prior reference point) and the all time high at 6147. The exact mid point between those two prices is (once again) 4820 - if we round up to the nearest decimal point. This is exactly the same number that was produced by the 100% repeating price ranges described earlier.

So the takeaway from this, is that when the S&P500 gets close to 4820, it is an obvious spot to look for a buying opportunity. Very, very strong price signals using price movements off yearly highs and lows. These are exceptionally strong indicators for a major change in trend.

As you can see in the chart below, the S&P500 made its yearly low (so far) in April at a price point of 4835 - which is the proverbial bee's distance from our 4820 price targets. When the bee's proverbial is scientifically measured, the S&P500 came within a mere 0.31% of that price target. Generally speaking +/- 1% of a price target gives you a pretty good opportunity to buy, especially when you are taking yearly highs and lows as reference points for your calculations.

And just in case you were beginning to wonder whether all of the above is a fluke, the next chart is taken from the S&P500 once again using repeating price ranges leading up to the 2025 all-time top (see chart below).

This time, I have referenced the "covid low" in 2020 and the corresponding bull market run into the 2021 top. This price move occurred over a range of approximately 2627 points up.

If we repeated this exact same price range off the major 2022 low which struck at a price of 3492, then it would give us a price target of 6119 as an obvious point to look for some profit taking on the S&P500 index (6119 = 3492 low + 2627 range up).

On 19 February 2025, the S&P500 opened up at the price 6122 (less than the proverbial bee's appendage), made a high at 6147 and then started its descent down in the Trump Tariff lows that we saw a couple of weeks ago.

Price symmetry on the way up. And symmetry again on the way down.

It doesn't really get much better than that.

When you know what to look for and how to look for it, you will often find set-ups in the market that are too good to ignore.

Until next time...