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Killy_Mel Killy_Mel SPX, W, Long ,
SPX: MACRO VIEW: SPX UPDATE: 5-YEAR UPTREND  RESTORED
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SPX, W Long
MACRO VIEW: SPX UPDATE: 5-YEAR UPTREND RESTORED

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.

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