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richardthick
Jun 23, 2021 5:41 PM

SPX Divided by Money Supply back at 08 and Covid Crash Level  

SPX/WM2NSTVC

Description

Interesting to see how the SPX divided by the money supply was at its highest in 2001 and has been unable to reclaim those levels since. The Spx has been unable to get back above the resistance from the dot com bubble. Will this time be different? Will the SPX be able to get above the resistance or will we get rejected from this level like we did in 08 and March 2020?
Comments
jwrreed
Is money supply = all money - debt....or how is money supply calculated
Trader65h
hello old m2 is discontionued as i understand. the m2 on tradinview is flat. how do you calculate it. there is a new m2 but when i try to divide spx it doesnt work thanks. love that graph by the way have used it my self.
rowan66172
The money supply has also gone up insanely in that time, hence, reaching the 01 high would be even more absurd
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