This might help you a little with what and where the SP500 is heading to long term
We put a 37% swing file over price
Notice the 1970's price formation looks very similar to the 2000's - That because they are directly RELATED, we had a REPEAT - the REPEAT happens AGAIN from 2034
Notice the TIMING projection of the swings - its valid until 2034 - you have seen and read my predictions of 2034 previously in this very thread, those predictions were
NOT made using this technique!
If and its a big if, price replicates the advance from 1974 to 2000, then we also have price projection levels seen - I'm 100% confident on TIME, less so on price, but it will be there or there abouts
you can very clearly see "buying the dips" works during the UP sections (when the swing file turns GREEN)
So you can see the big picture - what you would do NOW is use a 50% swing file, rather than 37% to suit the last % values of the swing DOWNS/CORRECTIONS
The only thing to seriously consider and note, is that to get the RED down swing to appear, price HAS to fall by 50% - so most of a move is already formed when the red line forms - this is why its key to KNOW by way of TIMING when these big turns are due, then you can just watch and wait for price action to make small formations in the direction of the anticipated price direction to appear and then trade them
You can devise your own trading strategy or Investments around this, all I'm showing you is how the SP500 has worked to swings of 37% since the 1970's - they key is the TIMING, as, once Time runs out, the trend changes and when trends change it also forces swing files to change that work out to that particular trend
As markets are fractal.................................
ALL markets will work out to some % swing file size and those % sizes will differ depending upon the time-frame looking at and to be fair the SP500 just moves great, nice and easy
Obviously with the SP500, the best time to buy and hold is on the 2nd down swing LOW - such as 1974 and 2009 - which circa 34 years apart - just add 34 to 2009 and you will be there or there abouts and you know that there should be at least 2 red down 50% moves after 2034 - So you can formulate something to work on and watch
The key is the TIMING, anything price action wise that seems to undermine the time analysis, will need to be looked at, as the TIMING is king here