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Spx500idea

SPX / M2 paints a very different picture of the global marketThis chart shows the SPX/M2 and essentially paints a picture of the SPX when accounting for inflation. All the "gains" made in the time following the 2008 crash, after factoring inflation in, simply put price or "value" back to where it peaked. How interesting that the 2020 crash should occur at such a pivotal TA level, forming a near perfect sweep of highs and double top. From this view, it looks as though the price action following the 2020 march lows is simply amounts to a bearish retest. Will be an interesting one to watch as the money printer fires up yet another round of QE. Brrrr, brrrr, brrrr.....
SP:SPX
by Randomtask555
57
SPX (S&P 500) - Potential Pullback In PlayThe SPX (S&P 500 index) has been in a uptrend, making a series of higher-highs and higher-lows in price. A potential pullback play is forming, and the price could fall to the horizontal support levels or support trendline. Support levels: 3162.39 and 3131.83 and 3024.60. Resistance levels: 3234.47 and 3263.00 and 3328.58. __________________________________________________________________________________________________ Thanks for checking out this chart idea. Click Like, Follow, and always remember: NO FOMO.
SP:SPX
by NoFomoCharts