S&P 500 IndexUpdated SPX Long Term Trend (Log)
SP500 long term log scale chart (post 2008 crisis). Despite recent volatility and losses from ATH, we can start discussing serous weakness sub 3000 with a potential longer trend break sub 2800.
Trade active
Still in long term uptrend but close to critical 2800 level. This week will be critical.Trade active
SP500 bounces here or the long term uptrend is deadNote
Trend is broken - expect further volaitity until we find support - around 2100Note
Never hit 2100 bounced at 2200 - now at a critical level in post liquidation bounce - if we fail near this 2800 levels and do not re-enter the channel a new down leg is imminent.Note
Markets riding the liquidity rocket. Round 3000 on SPX might be a good time to get some year end downside hedge on. Breaking above, we may see a melt up to 3400Note
3400 still the target - unless we have a speedbump in August
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.