Browse Symbol Stacks: $SPX: slopechart_$SPX.jpg

slopechart_$SPX.jpg

SPX 

Since we had some excitement today. Going back to the year moving average would be -16%. (green line) 

Selling to regression since Covid would be -8%. (purple dotted) 

Selling to regression from 1994 would be -29%. (Blue dotted) 

For the bulls: Pick whatever number you like. Infinity is a big number series. 

Happy Tuesday!

Image added via SlopeCharts
slopechart_$SPX.jpg

Comments

Mr. WizardMr. Wizard
OTOH if you follow Hussman the market has been way way overvalued since 2010 and is ready for a complete collapse. 
I think Grantham of GMO has said that Euro equities will outperform the S&P dramatically. He's been saying this for at least 10 or 15 years. Any day now... 
 
Some day all of these issues will matter. Yimming is everything. 9/3/24
The Vulcan Sloper akaGrinThe Vulcan Sloper akaGrin
"Yimming is everything." 
 
My invention. Movin/Pop Tart stole that one off me. 9/3/24
juangrandejuangrande
Well I invented " you must be Egyptian because you're living on de Nile" but never got credit for it... 9/3/24
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