Sunday, February 5, 2023

S&P 500 Index (SPX) rally continues

 S&P 500 Index (SPX) rally continues

This is pure trend following. This is objective price analysis, not subjective. As freaky as domestic chaos may be, it may be more freaky elsewhere. You'll notice some of the loudest blogger bears' personal opinions out there, never mention global capital flow, as if that doesn't exist. Tip of the hat for gathering likes. Is the situation treacherous? Of course.

The rally off the October low remains intact, on a weekly and monthly basis. Weekly and monthly look backs filter out intraday and daily noise. Stock chart below, comments welcome:

S&P 500 Index (SPX)



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