Today I have a special chart showing the S&P 500 (SPX) on a monthly basis using the Wall St Cheat Sheet.
I added in my bottom target range for this bear market cycle as well as multiple support and resistance areas, and a multi-year trend line. Once the price goes below the multi-year trend line, the Denial phase onward will begin in my opinion.
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the SPX looks bearish for a while.
What are your opinions on this? I love reading your comments below.
Disclosure: I am not the creator of the "Wall St Cheat Sheet" but it has been a wonderful tool to compare against. This chart review is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
I added in my bottom target range for this bear market cycle as well as multiple support and resistance areas, and a multi-year trend line. Once the price goes below the multi-year trend line, the Denial phase onward will begin in my opinion.
This is a multi-year chart so don't expect everything to move quickly. When zooming out, the SPX looks bearish for a while.
What are your opinions on this? I love reading your comments below.
Disclosure: I am not the creator of the "Wall St Cheat Sheet" but it has been a wonderful tool to compare against. This chart review is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #millionaireeconomics
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.