SP500: Very Long Term (Update): 05.04.2021

The chart above was initially engineered on September 28, 2020. Today I refreshed the chart, keeping all original drawing elements (channels, rectangles, Fibonacci levels) intact.
Today the price hit the level of blue rectangle marked (iii), two days ahead of time projected over 6 months ago. Here is the most recent chart.

If the chart is correct, I would expect a retrace any time from now to 3800-3860 area in the next few weeks.

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