datalust_xyz
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since Aug 1, 2021
chartpattern
indicator
spx
spx500
trendanalysis
waveanalysis
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The past few cycles S&P has peaked upon going ~35% above the previous high. Currently we are at 25%. There is potential for a bit more upside but stay alert investors. Could refer to my previous post from 3 years ago. Good luck.
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Previous S&P 500 bull runs have stopped after going 35% above its previous high besides the one in 2020 which involved the pandemic. The SPX500 is at around 34% above its previous high which signals a high chance for a drop in the near future.
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With Boeing reaching near the lower end of the up trend, it is a good time to buy in.
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