S&P 500 Index update 10-30-2020

Trend investing – no forecast, no prediction. We can see significant support at the $3,231 price level. This is an area of at least three price reversals and subsequent rally. So at this level it held and bounced. A close under this area would indicate a negative market, having failed the long term trend filter. A failure to hold support would indicate a lower monthly high, and a lower monthly low, indicated in the stockchart below.

Comments welcome.

S&P 500 Index (SPX) $SPX

Published by Trendanomics

Trend investing the markets with simple trend following strategies.

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