Get started
emexelem

S&P vs money supply, is this the top?

Short
ES1!/WM2NS  
emexelem  
ES1!/WM2NS  
Trend Analysis S&P 500 (SPX500) moneysupply
3
2
trendanalysis spx500 moneysupply
S&P divided by money supply is at the same resistance level than 2007 financial crisis and pre-covid top.
Also matching 0.618 fib retracement.
+ bearish downside channel on the RSI
Potential trend reversal on S&P
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.