US 500 resultUS 500 result, the high of the day 14th was reached, 1/2.1 Rr. today I may look for long trades in NQ.by REnastere0
SPX500 at Resistance: Breakout Potential or Reversal Ahead?S&P500 INDEX The price is in a consolidation zone near the resistance level of 5,891.1. If it breaks above this zone, the next resistance target is around 5,950. If it fails to break through the resistance, a pullback is likely, targeting the support area around 5,863 and potentially dropping further towards 5,781 if bearish momentum continues. Best Direction: Bullish: If the price breaks and holds above 5,891.1, this would indicate further upward potential. Bearish: If the price fails to break above 5,891.1 and reverses, a short-term downward move toward the support levels is anticipated. Key Levels: Pivot Point: 5891 - 5863 Resistance Levels: 5891, 5915, 5939 Support Levels: 5836, 5807, 5759 Trend Outlook: Bearish below 5863 Bullish above 5891by SroshMayi7
us500 longus500 Long Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position INSTRUCTIONS: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20Longby RODDYTRADING1
$SPX Analysis, Key Levels & Targets for 10.17.24 Tomorrow’s Implied move is between 5805 and 5880 and that is from options. The 30 day average volatility is between 5785 and 5900 and that also lines up with the implied move on Fridays contract - and that’s the strike I’ll be looking to if we pop to sell bear call spreads. To the upside we have ATH’s at 5871.41. I’m guessing that if NYSE:TSM earnings come in great and we see a move up there then ATH’s will be the Target on the day. But if not, then the 35EMA is just underneath us so look to that for clues. If we break it then support is where we saw the gap that we opened the week with (5815) and then underneath that the bottom of the implied move is at 5805 5790 on Fridays contract and that’s the strike I’m going to look to if we drop ( for bull put spreads) Underneath all of that is the 30min 200MA and we are quite far away from that. It’s not in tomorrow’s trading range but could be a target next week if we see a down move from tomorrow’s earnings. GL tomorrow, y’allby SPYder_QQQueen_Trading2
What Is the S&P 500 Index and How to Trade It via CFDs?What Is the S&P 500 Index and How to Trade It via CFDs? The S&P 500 index is a cornerstone of the financial world, providing a snapshot of the US stock market by tracking 500 of the largest companies. This FXOpen article delves into the essence of the S&P 500, its operational mechanics, and how traders can navigate its movements through CFDs. What Is the S&P 500? The S&P 500 index, established in 1957, serves as a barometer for the US economic health, tracking the performance of 500 large companies listed on stock exchanges in the United States. It is widely regarded as one of the best representations of the US stock market and a leading indicator of other US equities. The index is managed by Standard & Poor's, a division of S&P Global, and is updated to reflect changes in the market and economy. Inclusion in the S&P 500 is based on several criteria, such as market capitalisation, liquidity, domicile, public float, financial viability, and the length of time publicly traded. Market capitalisation, in particular, is a critical factor, ensuring that the index reflects the largest and most stable companies that meet Standard & Poor's stringent requirements. The criteria may change, so you can check the latest updates on the S&P Dow Jones Indices website. The index uses a market capitalisation-weighted formula. In essence, market capitalisation weighting means those with a greater value, like Apple or Microsoft, have an outsized impact on the index’s movements. The calculation involves summing the adjusted market capitalisation of all 500 companies and dividing it by a divisor, a proprietary figure adjusted by Standard & Poor's to account for changes such as stock splits, dividends, and mergers. S&P 500 stocks span all sectors of the economy, from technology and health care to financials and consumer discretionary. This broad sector diversification makes the index a valuable tool for investors seeking exposure to the entire US economy through a single investment. The diversity and size of the companies included in the index also mean that it can serve as a benchmark for the performance of investment funds and portfolios. What Moves the S&P 500? Anyone learning how to invest in the S&P 500 will inevitably realise that a range of factors drives its movements. These include: - Economic Indicators: Data such as US GDP growth, unemployment rates, and inflation can sway investor sentiment and market performance. - Corporate Earnings: Quarterly earnings reports from companies within the index provide insights into their financial health, impacting their stock prices and the overall index. - Interest Rates: Decisions by the Federal Reserve on interest rates can affect investor behaviour, as they influence borrowing costs and investment returns. - Global Events: Political instability, geopolitical tensions, and global economic developments can lead to market volatility, affecting the index. - Market Sentiment: Investors' perceptions and reactions to news and events play a crucial role in short-term market movements. These elements combined dictate the daily and long-term trends seen in the S&P 500. Trading the S&P 500 Index with CFDs Trading the S&P 500 index has become a preferred method for investors seeking exposure to the performance of the US equity market. While S&P 500 ETFs, such as SPY, offer a popular way to invest directly in the performance of the 500 companies making up the index, many traders opt for S&P 500 Contracts for Difference (CFDs) for enhanced flexibility. S&P 500 CFDs allow traders to speculate on the index's price movements without owning the underlying assets. This trading instrument mirrors the price movements of the S&P 500, enabling traders to open positions on both rising and falling markets. A key advantage of S&P 500 CFDs is the ability to use leverage, which can amplify returns. However, you should remember that leverage also increases risks. Traders can go long (buy) if they anticipate the index will rise or go short (sell) if they expect it to fall. As with all CFDs, traders must consider factors such as the spread—the difference between the buy and sell prices—and the overnight financing cost, or swap, which may be charged when positions are held open past the market close. Understanding these costs is crucial for effective trading. At FXOpen, we offer both US SPX 500 mini (S&P 500 E-mini at FXOpen) and the SPDR S&P 500 ETF Trust (SPY) CFDs in our TickTrader platform, catering to all traders looking to take advantage of the movements in one of the world’s most-followed equity indices. How You Can Trade S&P 500 CFDs Trading S&P 500 CFDs requires a nuanced approach, given the index's unique characteristics and the broader economic factors influencing it. Leveraging Economic Releases The S&P 500 is particularly sensitive to US economic indicators such as employment data, inflation reports, and GDP figures. Traders can use these releases to gauge market sentiment and anticipate potential movements. For instance, stronger-than-expected economic growth can boost the index, while disappointing data may lead to declines. Monitoring Earnings Seasons Given that the S&P 500 comprises 500 of the largest US companies, their quarterly earnings reports are a significant driver of index performance. Traders often keep a close eye on earnings seasons, as positive surprises from key index constituents can lead to upward movements, while negative reports can drag the index down. Following Federal Reserve Announcements Interest rate decisions and monetary policy statements from the Federal Reserve have a profound impact on the S&P 500. Lower interest rates generally support higher index levels by reducing the cost of borrowing and encouraging investment, whereas hints of rate hikes can cause declines. Utilising Technical Analysis For S&P 500 CFDs, technical analysis can be particularly insightful. Support and resistance levels, trendlines, and moving averages can help traders identify potential entry and exit points. Given the index's liquidity and the vast number of traders watching these indicators, technical analysis can be a powerful tool. Applying Risk Management Due to the leverage involved in CFD trading, effective risk management is crucial. Setting stop-loss orders can potentially help protect against significant losses, especially during volatile market conditions. Additionally, position sizing is an important consideration, potentially limiting the risk exposure of a given trade. Final Thoughts Understanding the complexities and opportunities of trading the S&P 500 index, particularly through CFDs, offers a strategic advantage for those looking to navigate the financial markets. For those ready to dive into the dynamic world of S&P 500 trading, opening an FXOpen account can provide the necessary tools, resources, and platform to engage with the market effectively. Whether you're looking to trade the S&P 500 or explore other asset classes, FXOpen offers a gateway to a wide range of trading opportunities in the global markets. FAQ What Stocks Make Up the S&P 500? The S&P 500 consists of 500 of the largest companies listed on US stock exchanges. Companies like Apple, Microsoft, Amazon, and Google's parent company, Alphabet, are significant contributors, given their large market capitalisations. Check the list here. What Is the Difference Between the Nasdaq and the S&P 500? The Nasdaq is tech-centric, including a large number of technology and biotech companies, while the S&P 500 is broader and viewed as a more comprehensive representation of the US economy. Is an S&P 500 Index a Good Investment? Since its inception, the S&P 500 index has delivered a historical return of around 9.9% annually. However, like any investment, it carries risks, and its past performance is not a guarantee of future results. What Is the 20-year Return of the S&P 500? The 20-year return, between 2004 and 2023, stands at 9%. What Is the S&P 500 All-Time High? The S&P 500's all-time high can vary as the market fluctuates. Its most recent all-time high was 5,100.92 on the 23rd of February, 2024. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpen2225
SPX Correction Almost Over? 5000 SPX Incoming..Simple Elliot Wave count here.. ABC correction into a gap + 0.382 fib forming a valid bull flag.. If this plays out, then SPX could see 5000 next year.. Only concern is NDX looks toppy ... that could drag the whole market downLongby TheTraderAndyUpdated 2
If you're bullish on this, you need your hea examined.It's all in the title. This chart shows the entire market structure of the SPX from 1929 until now in an ascending wedge and just barely wicking over the top trend. We currently have met every pre-condition for a recession including a 2 year long yield curve inversion, bank unrealized losses 10X what they were prior to the crash of 2008, the Sahm rule having triggered with over a 1% spike in unemployment within the fiscal year, the first fed pivot to make the initial 50 basis points instead of 25, and the DXY on they way up. Bitcoin, and other assets will take damage when the SPX starts it's decline... possibly this week or next week. by fishguru7310
US500/NAS100 evening updateUS500 and NAS100 drawn with completed impulse waves down from 14 October highs. US500 tagged .618 retracement this afternoon, and NAS100 has formed what looks like a zigzag with contracting ending diagonal c wave. Highs of yesterday (16 October) reasonable stops for any shorts, with anticipated additional impulse waves down from those highs.by discobiscuit0
US 500 live entryI aim for the high of October 14 in the US 500. I use today's low as a stop. A good RR. Live Pre entryLongby REnastere110
Wake Up on a SPY Trading AnalysisTrading should not be that difficult. The rules are simple. if you cant make one stick with this ones. Find a Perfect Entry based on good timing. Get In Get Green (Trade with a Stop Loss) Get out Repeat the above procedures a million times. Does not matter how big or small your wins are because they all compounds overtime as long as you are consistent with it.10:04by Deno_Trading0
SPX500 Pattern Repeating with EERIE overlayThe REAL S&P500 Index is plotted here from the data on SP:SPX and FRED:CPIAUCSL which is CPI-All Urban Consumers which allows us to see the "REAL", or inflation-adjusted S&P500 (excluding dividends) over the long term. Most people forget the impact that inflation has on the price of stocks because it gets complicated and small increases in price compound significantly over the the long term. So, to get down to the impact of this pattern that I have reported on several times in the past (see links below), the market has had a long sequence of progress along with crises along the way in the form of financial panics, tax-law changes, banking system stress, real estate market collapses, trade wars and technological innovation cycles. To break it down into the pattern, take a note of the 1955-1985 time frame and notice how there is a "mode" across that time frame which touches 13 different years. In 1984 the market "expands" upwards as denoted by the yellow triangle, surging up by more than the previous year's range, which implies the start of a new trend. In this case, the trend is estimated to be 13 years because 13 years touched the same price. 1984 + 13 years sets up a new mode in 1997 which is where the new mode formed through 2012. In 2013, the market surged upwards or "expanded" higher to indicate a new 11 year uptrend since there were 11 different years that touched the mode as shown. The INTERESTING PART is that we had similar types of activities AFTER this new trend kicked off: Notice the yellow circle which encompasses the 1987 stock market crash and 1990 bear market in a wild, sideways, choppy market environment. The same thing also happened after the current uptrend started with the 2016 election, 2020 covid crisis and even later the 2022 bear market (which is outside the circle). The GREEN "BARS PATTERN" is a copy of the 1984-current market and then pasted to the start of the same structure in 2013 where the current uptrend started from the 'mode'. Look how the market has moved rather in-synch with this pattern and I haven't even adjusted it for the 2-less years at the mode or 4 less years overall for the pattern from 1955-1984 (20 total years vs 13 years at one price) vs the 1997-2012 (16 total years vs 11 at one price). We can start analyzing similar news and technological changes to look for interesting stories to compare the two time frames. See what you can find. The AI craze now is certainly similar to the development of the internet bubble in the late 1990's. We have certainly heard this comparison before but this nails down the comparison into a more structural pattern that can be analyzed and used for making general projections. I'll follow up on this and let me know if you have any questions. Tim 10/16/2024 10:19AM ESTby timwest5535
Patience Pays Off: Key Strategies for Long-Term InvestorsInvesting is a fundamental pillar in building wealth and securing financial stability. Among the myriad strategies available, long-term investing stands out as one of the most reliable and rewarding. Unlike short-term trading, which seeks to capitalize on price fluctuations over days or weeks, long-term investing focuses on holding assets for several years, or even decades, to allow for substantial growth. This approach is deeply rooted in the principle of patience, which enables investors to navigate market volatility, leverage compounding returns, and achieve their financial goals. Patience is more than simply waiting; it requires discipline, confidence, and the ability to withstand short-term market turbulence. For long-term investors, patience plays a key role in benefiting from compounding returns, reducing transaction costs, and minimizing tax liabilities. The patience-driven investor is less prone to impulsive decisions and is better positioned to reach financial success over time. Understanding Long-Term Investing Long-term investing involves purchasing and holding assets like stocks, bonds, mutual funds, or real estate for extended periods—typically five years or more. The main objective is to benefit from the growth of the investment over time, whether through capital appreciation, dividends, or interest. Unlike short-term strategies, which aim for quick profits, long-term investing emphasizes steady and sustainable growth. Key to this approach is the power of compounding. Compounding occurs when earnings from investments are reinvested, generating additional returns. Over time, this snowball effect can lead to exponential growth. Long-term investing also benefits from lower transaction costs, as frequent buying and selling of assets is avoided. Furthermore, long-term capital gains are taxed at lower rates than short-term gains, offering additional financial advantages. While long-term investing still carries risks, particularly during market downturns, it provides the potential for recovery and continued growth. In contrast, short-term investors may face higher volatility and risk due to frequent trades and quick shifts in market sentiment. S&P500 from 1980 monthly chart Advantages of Long-Term Investing The long-term investing approach comes with several compelling advantages: Compounding Returns: The most powerful advantage of long-term investing is the compounding effect, where reinvested earnings generate additional returns. The longer the investment period, the more significant the compounding becomes. Even modest returns can lead to considerable wealth over time. Lower Costs: With fewer trades, long-term investors incur significantly lower transaction fees and commissions. This not only preserves capital but also enhances overall returns. Tax Efficiency: Long-term capital gains are generally taxed at a lower rate than short-term gains, leading to more favorable after-tax returns. The buy-and-hold strategy reduces the frequency of taxable events. Reduced Stress: Long-term investing minimizes the need for constant market monitoring, providing peace of mind. Investors don’t need to react to daily market swings, allowing them to remain focused on their long-term financial goals. Alignment with Financial Goals: Long-term investing is well-suited for achieving major financial milestones, such as funding retirement, education, or home purchases. It provides a structured and systematic approach to accumulating wealth over time. GC1! GOLD FUTURES From 1980 Monthly Chart Why Patience is Essential in Long-Term Investing Patience is the cornerstone of long-term investing, as it helps investors remain focused on their goals despite market fluctuations and emotional pressures. Here are key reasons why patience is critical: 1. Navigating Market Volatility Financial markets are inherently volatile, with asset prices fluctuating due to economic data, geopolitical events, and shifts in investor sentiment. While short-term investors may react to these movements, long-term investors recognize that volatility is part of the market cycle. Patience allows them to ride out these fluctuations, avoiding impulsive decisions and giving their investments time to recover and grow. By not panicking during downturns, long-term investors can stay committed to their strategy and avoid selling assets at a loss. 2. Compounding Returns Patience is vital in maximizing the benefits of compounding. Compounding requires time to work its magic, as reinvested earnings generate further returns. The longer an investor remains in the market, the greater the potential for compounding to significantly boost their wealth. Even modest annual returns can accumulate into substantial wealth over decades. 3. Behavioral Finance and Emotional Control Investing often involves emotional decision-making driven by fear, greed, and market noise. Behavioral finance studies show that emotions like panic during market downturns or overconfidence during rallies can lead to poor investment decisions. Patience helps investors manage these emotions by keeping their focus on long-term goals rather than short-term market movements. Investors who remain patient and disciplined are more likely to make rational decisions that align with their overall strategy. NDX Nasdaq 100 Index Monthly Chart Strategies to Cultivate Patience in Investing Maintaining patience as a long-term investor requires a combination of strategies that foster discipline and reduce emotional reactivity: 1. Set Realistic Expectations Establishing clear, realistic financial goals helps investors stay grounded. Understanding that markets fluctuate and that significant returns take time can reduce impatience. Setting specific goals, such as saving for retirement over a 20- or 30-year period, provides a long-term perspective and a framework for measuring progress. 2. Regular Monitoring Without Overreacting While it's important to monitor your portfolio, it’s equally important to avoid overreacting to short-term market moves. Periodic reviews, such as quarterly or annual check-ins, allow investors to assess performance without being influenced by daily volatility. By maintaining a big-picture view, investors can avoid impulsive decisions and stay on track with their goals. 3. Diversification Diversification spreads risk across various asset classes, sectors, and regions, helping to reduce the impact of poor performance in any single investment. A well-diversified portfolio provides a smoother experience, allowing investors to remain patient even during periods of underperformance in certain areas. 4. Continuous Learning and Education Staying informed about market trends and investment strategies helps investors feel more confident in their decisions. The more knowledge an investor has about market behavior, historical trends, and the benefits of long-term investing, the more patient they can remain during challenging times. Education empowers investors to understand that short-term volatility is part of the process. Case Studies and Historical Examples Several well-known examples illustrate the power of patience in long-term investing: Warren Buffett: One of the most famous proponents of long-term investing, Warren Buffett has built his wealth through patience and disciplined investing. His purchase of Coca-Cola shares in 1988 is a prime example. Despite periods of market volatility, Buffett held his shares, allowing the company's growth and compounding returns to generate significant wealth. KO Coca-Cola Monthly Chart Index Funds: Index funds, which track major market indices like the S&P 500, demonstrate the benefits of long-term investing. Over decades, these funds have delivered solid returns, often outperforming actively managed funds. Investors who stay invested in index funds, even during market downturns, benefit from overall market growth. Common Pitfalls and How to Avoid Them While patience is key, there are common mistakes that can derail long-term investing: Panic Selling: Investors who panic during market downturns often sell at a loss, only to see the market recover later. Staying patient and focused on long-term goals helps avoid this costly mistake. Trying to Time the Market: Attempting to predict market highs and lows is a risky strategy that often leads to missed opportunities. Staying invested allows investors to benefit from overall market growth without the risk of mistimed trades. Overtrading: Frequent buying and selling erode returns through higher transaction costs and taxes. A buy-and-hold approach helps preserve capital and reduces unnecessary trading. Conclusion Patience is not just a virtue in long-term investing—it is a necessity. By maintaining discipline, staying focused on long-term goals, and avoiding emotional reactions to market volatility, investors can harness the full potential of compounding returns and achieve financial success. The strategies of setting realistic expectations, diversifying, and staying informed provide the foundation for a patient, long-term approach to wealth building. Through patience, long-term investors can navigate the ups and downs of the market and emerge with a stronger financial future.Educationby FOREXN144173
SPx / Wall Street Gains MomentumEarnings Outlooks Lift Wall Street Pre-Bell; Asia Mixed, Europe Flat Technical Analysis: The price is exhibiting a bullish trend, with a potential target of 5863, as it has already stabilized above 5807. However, a retest of 5807 may occur before resuming the bullish trend. For a bearish outlook to materialize, the price must close below 5781 on the 4-hour chart. Key Levels: Pivot Point: 5820 Resistance Levels: 5863, 5891 Support Levels: 5807, 5759, 5732 Trend Outlook: Bearish below 5781 Bullish above 5807 Longby SroshMayiUpdated 15
S&P500 If it holds this level, it can rise up to 6050.The S&P500 index (SPX) had a strong short-term pull-back yesterday, which is so far contained within the tight levels of a Channel Up pattern. The price is right at the bottom of it and if it holds, we can expect a strong rally continuation for the next 2 weeks, going into the U.S. elections. This sequence is so far similar to the previous Channel Up patterns that emerged after the price broke above the 4H MA50 (blue trend-line). Once broken, it held right until their tops, which were after a +6.50% rise. This is why, if this holds once more, we expect to see 6050 (+6.50% from the bottom) by the end of the month. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot1117
us500 shortus500 short Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position INSTRUCTIONS: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20Shortby RODDYTRADING2
US500 evening updateThis count shows a completed five-wave impulse off 5 August 2024 low (in red) vs. the possibility of more upside if wave ((5)) of v extends up towards 6062.1. Both counts invalid with price above 6062.1. Key level of support now becomes 5672.6.by discobiscuit2
S&P Price Target of 6,232 by Dec. 17, 2024Ascending Triangle Continuation Pattern. The height of the triangle is 568 which is a measuring tool for the upside target of the new up-trend. That puts the price target at 6,232 which is a 10% gain from 5,667. I round this to 6,000 since this round number is more impactful for people's trading decisions. For discussion purposes only.Longby awoodTC0
S&P 500 channel (updated)I expect to see something like this next week. The price breaking out of this orange channel will confirm the beginning of a correction.Shortby SupergalacticUpdated 8
S&P500 Channel Up on 1hour reached its bottom.S&P500 / US500 is trading inside a Channel Up on the 1hour timeframe. The price crossed today under the 1hour MA50 and reached the Channel's bottom. This is where the two bottoms prior where priced. As long as it holds, buy and target 5930 (+1.88% rise, same as the previous bullish legs). Previous chart: Follow us, like the idea and leave a comment below!!Longby TheCryptagon4
SPX, T10Y2Y, FEDFUNDSRATE, SAHMRULE, US RECESSIONS"I've marked each time the yield curve spiked and when the Fed made pivots in the history of the federal funds rate. I’ve also added U.S. recessions and the Sahm rule to give you a clear indication of what these combined signals are saying." Yield Curve: Every time the yield curve shoots up, especially after an inversion, it often signals upcoming economic turbulence or a recession. Fed Pivots: When the Fed stops raising rates and begins cutting them, it's typically just before or during a recession. These pivots indicate when the Fed is stepping in to stabilize the economy. Recessions: I’ve marked recessions too. They usually follow the signals of the yield curve and the Fed’s shift in policy. Sahm Rule: This is an unemployment indicator that signals when a recession is very likely, even before the full economic impact is visible. Thanks to George Gammon for educating me on most of this..Shortby Christian_16050
S&P 500 (SPX) Hits All Targets! Bullish Rally CompletesThe S&P 500 Index has shown strong bullish momentum, with the long trade successfully reaching all profit targets. Key Levels Entry: 5719.98 – The long position was entered as the price broke above this level, confirming bullish sentiment. Stop-Loss (SL): 5703.41 – Positioned below recent support to protect against potential downside risk. Take Profit 1 (TP1): 5740.45 – The first target was hit, confirming the upward momentum. Take Profit 2 (TP2): 5773.57 – The second target was achieved as the bullish trend continued. Take Profit 3 (TP3): 5806.70 – The third target was reached, indicating continued strength in the market. Take Profit 4 (TP4): 5827.17 – The final profit target was reached, marking a highly successful long trade. Trend Analysis The price is well above the Risological Dotted trendline, indicating a strong bullish trend. The steady upward movement suggests that the market sentiment is favorable for further gains, although all targets have been hit, marking the trade's conclusion. The long trade on the S&P 500 Index successfully hit all profit targets, with the final target at 5827.17 signaling a strong rally. The upward momentum was supported by the Risological Dotted trendline, reflecting solid market conditions for bullish trades. Longby ProfitsNinja3
Just sharing analysis - new tops, possible retracement..., analysis started two months ago, new tops, at the moment - possible retracement...by aloni-ta1
Interesting trendline dating back to the 1930's**NOT CALLING FOR A CRASH** This is the era of fiscal stimulus and QE. Found this interesting that testing 6000 in the next few months would be the 3rd touch 1. Roaring twenties 2. Tech bubble 3. Now Could serve as intermediate term resistance, with a reaccumulation period. The top channel will be ~8000 in 2030by limit_buy_694