Long term point and figure chart of S&P 500
This chart on a 30$ per square chart goes back to 1987 and shows the bull/bear markets since then. Usually we would look at such a long time span on a log scale, whereas here we are seeing simple dollar scale. The current price is hovering below an area of repeated recently prior support which now appears to be strong resistance.
Also I note that the bull market between 2020 and 2022 is roughly the same size in dollar terms as the bull market of 2009 to 2020.
Also I note that the bull market between 2020 and 2022 is roughly the same size in dollar terms as the bull market of 2009 to 2020.
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