S&P 500 Index trend analysis

S&P 500 Index trend analysis

The S&P 500 Index (SPX) $SPX relative strength tends to hug and bounce off of a 30% annualized rate growth over a 200 day average. When it dips below, it is vulnerable to a correction and/or consolidation. As of Fridays’ close the index is 1.1% above this trend. See chart below. Comments welcome.

S&P 500 Index (SPX)

Published by Trendanomics

Trend trading analysis of the markets with simple trend trading strategies.

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