christian.langfors

START OF A BIGGER BEAR MARKET?

SP:SPX   S&P 500 Index
1
If this month closes at or below this level (currently @1851), this will be one ugly month where 20 months of bull rally where erased in a few trading days!

It sure doesn't look good at the moment but notice how SPX has rebounded from the lower Bollinger Band on a monthly chart in the first leg down, all the way up to MA20 on a monthly time frame.

Time will tell, one thing is sure though and this will be interesting to follow and trade. Be patient with the entries, remember to use stop/loss orders!

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.