S&P 500 Index
Short
Updated

SPX: Strength-adjusting reveals impending dump

606
Chart of SPX price accounting for USD strength and appreciation/inflation (not sure which term is technically correct). Reveals completed massive HS pattern in conjunction with infamous Bart pattern - ups and down akin to Bart Simpson’s haircut that precede a dump.

This corroborates my previous SPX bearish idea, which is based on a formula I developed for approximating SPX Bull and Bear markets since circa 1986.
Spx: A telling indicator
Note
Update for EW fans.
SPX strength-adjusted: Update reflecting EW and H&L HS patterns
Note
In a Fib channel.
snapshot

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.