The S&P 500 is a linear instrument for making money. If we examine this index on the log scale, we derive a historical price channel that can call recessions/depressions. We are close to a huge resistance line. Zoom in for clarity!
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.
