A Quick $SPX Analysis

The S&P 500 is trending up since bottoming on October 13, 2022. It has cleared a few critical resistance levels and broken above bullish chart patterns since then. The probability is high that the upswing will go on for some time. Monthly Timeframe Fig 1. tells a good story of the S&P 500. The logarithmic…

U.S. Major Indices: July 2019

The large cap indices – S&P 500 and Dow Jones Industrial Average (DJIA) – are in confirmed uptrend along with the tech-heavy NASADAQ Composite. Their all three timeframes – monthly, weekly and daily – are showing varying degree of uptrend and bullish chart formations. The broader market index, Wilshire 5000 Total Market Index, is also…