S&P 500 Nearing The Upper Limit of Regression Channel
The 65 Thousand Feet View Last Update on Tuesday January 2, 2018 The S&P 500 is marching, with nary a worry, to the beats of technical patterns. It is approaching the upper limit of a regression channel (78 months and 0.5 standard deviation) on monthly chart (see Fig. C). From February to September 2017, the index moved up along the linear…
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