S&P 500 Index – Global capital valuation

S&P 500 Index approaching Blue Sky

We now know, after looking back weeks and months, that global capital flow, coming into the US, abandoning equity bear markets, and currency debacles, has valued the S&P at, at least, that $2,808 Price level. It took weeks and months to close over that price level. It is now continuing on Upwards in the direction of the 52 Week High, the all time high. Other than some minor daily S/R levels, this is really the only next significant long term trend following Price to target. Above is Blue Sky. This is not a forecasting or predictions blog, so beyond that, we’ll leave up to the AI crowd, oh yes, and to the opinion blabber mouths, whom seem to have all the global chaos figured out.

S&P 500 Index

Author: Trendanomics

Trend following the markets with simple trend following strategies.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.