Fine tuning of the S&P 500 into March 2021 rally highs

Just in the uncharted territory the Forecasting Method based on the techniques of W.D. Gann offers some excellent possibilities for determining the important future targets quite orderly. Frequently, not only the expected price range can be forecast in advance, but especially the very moment when the expected price should be reached can often projected as well.

On November 22, I published my S&P 500 topping analysis what is based on the ruling yearly GUNNER24 Setups of the S&P 500 cash index. Your can click here or on the coming 2 charts to re-fresh that hard call: „This is where the S&P 500 should max out in 2021, before next bear market begins“.

At that time, 3 very hot MAJOR price uptarget magnet resistances were explored for the S&P 500 regarding a possible final high of 2021. One objective was the round 3900. One was the 3930 pts natural yearly GUNNER24 Resistance Horizontal. On February 12 the 3930 pts uptarget became finally worked off and the 3934.83 record close is printed. On February 16, the current alltime-high at 3950.43 pts is made.

Thus, normally powerful annual resistance zone has now finally been reached. From now on it will be very critical for all stock market bulls, although it is still plausible to reach the 3970 pts and even the round 4000 pts, as this next yearly 24 Candle GUNNER24 Up Setup suggests:

GUNNER24 predicted 3900 pts to 3970 pts will become MAJOR yearly resistance area for the S&P 500. In terms of time, I suspected that March 2021 candle could well print the possible final highs of the year 2021, as this month would be the 13th Fib number month candle since the famous March 2020 bear market lows.

So it may well be the outcome that the market wants to continue quite steadily higher into a 3970, maybe even 4000 pts perhaps until the very last trading day of the March 2021, simply because the time factor allows and signals it.

This week Tuesday the S&P 500 pretty exactly bounced from yearly 3930 pts GUNNER24 Main Resistance Horizontal, followed by a visible downward reaction. An immediate visible reaction to a forecasted GUNNER24 Rail is always an unmistakable sign that this rail is somehow important for the market, or is becoming important and thus wants to trigger a change in trend, resp. maybe has the energy to turn the trend finally. For now the 3930 pts has morphed to a confirmed daily & weekly closing base resistance horizontal:

On Tuesday 16th of February the S&P 500 emini (ES #) alltime-high spiked into a 3959.25, by this the very-well defined upper edge of the +3-month Tight Upward Channel was negative tested again. ES # record close is at 3931, so 99.99% accurately at yearly 3930 GUNNER24 Horizontal Resistance...:

The S&P 500 index, the SPY ETF and S&P 500 emini have rallied strongly in a Tight Bull Channel since November 10. The bears were able to create some bigger bear candles which violated the dark-green dotted channel support, but the bulls bought each one immediately afterwards. And they will continue to buy every reversal down, until there are consecutive strong bear days closing near their lows.

This week closed near lows, and is therefore a weaker sell signal for the next trading week. Coming week is also the end of the month, and strong rallies often have profit taking at the end of the month. There is a rule:

OFTEN - not always! -, when the US stock market indices are caught in a strong bullish cycle and Friday is the last trading day of the month it tends to provide important month lows. Therefore, the coming Friday may have to trigger a next higher low in the +3 monthslong buying climax.

Such perhaps important Friday-last-trading-day-low might arrive at the dark-green dotted Tight Bull Cannel support rail and such a bullish event might be the main reason for a perhaps last final exhaustion rally cycle into a 3970 pts to 4000 pts/# 13-Fib turn number March 2021, the next major time magnet in front.

==> The monthly bull market cycle what started at famous March 2020 low is possibly oriented to the always important 13 Fib number.

==> The bull market candle/month # 13-March 2021 is also the most natural = ideal time for the 1-year-cycle high. The ES # bull market started on March-23-2020 at a 2174 pts. Therefore, Tuesday March 23-2021 is cyclically the most perfect day for the event of final 1-year-cycle highs. We always allow +/- 2 days deviation to better assess the basic idea of a significant extreme that might be due.