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S&P 500 Index

S&P 500: Market at decision point between rally or mild pullback

By ChartArt
If the "S&P 500" breaks above 2815, then the rally is going to continue strongly higher for months. But if the "S&P 500" declines and stays below 2725 until the end of August then there remains a risk of a large stock market crash.

  • Short-term the market is oversold and could break out above 2800 or a little higher towards 2815.
  • Mid-term the market is way too overbought. Therefore there is a risk of a pullback down to 2750 or lower.
  • Long-term the market is neutral at a tipping point here. Due to this divergence between the short-term and mid-term trends.

decisionpointneutralzonetippingpointTrend Analysis
ChartArt

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