YaKa

SPX - Important mapping with key driver coming since 1990.

FX:SPX500   S&P 500 index of US listed shares
229 1 10

The red line on this chart is very important and has been supporting the market from 1990 to 2008.

It took the collapse of Lehman and the ISM confirmation to establish below.

Last monday the market stopped exactly on it and this is probably not a coincidence.

Note: no monthly close below 1960 since Aug14.

I think the range is defined until year end..

2016: Possibility SPX             breaks below the red line - I think so although there is enough space between the red line and the green line.

The target down could be the brown line at 1100 in 2018 but it could take many months before it collapses.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out