Sunday , 25 September 2022

S&P 500 Kissing Underside Of 2 Long-term Rising Channels

The long-term trend in the S&P 500 is up and nothing over the past 6-weeks has changed that trend!   

The original article has been edited here for length (…) and clarity ([ ]) by – A Site For Sore Eyes & Inquisitive Minds – to provide a fast & easy read.   

The chart below reflects that the long-term rally in the S&P 500 has it kissing the underside of two long-term rising channels at (1) and bulls certainly…do not want to see selling pressure getting started!

Below looks at key indices on a shorter-term perspective:

Six of the eight key indices remain below highs hit back in January. Micro & Small Caps closed at January highs last week.

Bulls want to see the January highs taken out. They don’t want to see lower highs and selling pressure get started!

Scroll to very bottom of page & add your comments on this article. We want to share what you have to say!

For all the latest – and best – financial articles sign up (in the top right corner) for your free bi-weekly Market Intelligence Report newsletter (see sample here) or visit our Facebook page.