elephantsrevenge

SPX bull market near inflection point

SP:SPX   S&P 500 Index
26 0 1
SPX             looks set for a possible retest of major trend lines around 1950. Failure here likely results in the end of the bull run, regardless of any subsequent bounce. This is why the Oct '14 low was so key. The upsloping light blue lines cannot be violated to the downside, just as the the upsloping bright green lines could not be violated in the 90's bull run. A successful defense of 1950 short term coupled with a clean breakout above the top red line sets the stage for a possible late stage "euphoria" rally to the top blue line around 2700. This red line is a major trend line from 1984 and it served as the top in 2007 and launching point of the major rally in 1998-99. The market has been indecisive the last few months as it tries to decide if it will breakout into a euphoric rally or reject the long term trend line and commence a new bear market. Bias is towards bullish breakout with possible short-term retest of red line around 2030, orange line around 2012, or green line around 1950.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out