Killy_Mel
Long

MACRO VIEW: SPX UPDATE: 5-YEAR UPTREND RESTORED

INDEX:SPX   S&P 500 Index
S&P 500             restores 5-year uptrend by breaking above the upper 1st standard deviation from 5-year mean (at 2020), signaling more long term upside probability.

One should also note that the August selloff did not trigger the test of the 10-year trend (price did not tag the 10-year uptrend border at 1845), meaning the upward bias is pretty strong on the index .
Trance-Man
a year ago
Are you sure!?
Reply
Killy_Mel Trance-Man
a year ago
pretty much yea. are you short?)
Reply
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