Chart of the SPX. I figured I should use the SPX to be more modern. It seems to have become the index of choice for more and more people to follow. Looks a lot like the Dow chart which is sort of considered passe.
Just a few lines as guesses towards the future. Over the 18 day moving average recently, but held under the 54 day moving average. Only a move above the 81 day moving average would signal a possible major trend reversal. I do not see that happening soon. Patience as always.
Note as well that the drawn lines are pretty close to nine (three) numbers. 675, 750, 810. Love the nines, thank you Dongoro.
As always, only the future knows the future.
Thank you for your time.
The chart depicted is not a recommendation to buy or sell this stock (index). Due diligence is your responsibility. If you need professional investment advice then find a professional.
Chart courtesy of StockCharts.com
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