• 168 days Will The ECB Continue To Hike Rates?
  • 169 days Forbes: Aramco Remains Largest Company In The Middle East
  • 170 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 570 days Could Crypto Overtake Traditional Investment?
  • 575 days Americans Still Quitting Jobs At Record Pace
  • 577 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 580 days Is The Dollar Too Strong?
  • 580 days Big Tech Disappoints Investors on Earnings Calls
  • 581 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 583 days China Is Quietly Trying To Distance Itself From Russia
  • 583 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 587 days Crypto Investors Won Big In 2021
  • 587 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 588 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 590 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 591 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 594 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 595 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 595 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 597 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

The State of the Trend

In this week's analysis, I'll look at the SP 500 trend within three different timeframes (daily, weekly and monthly), and in the process will focus on the dominant mean reversion cycle. The charts are pretty much self-explanatory, and I won't go into unnecessary detail.

The daily trend is up, but the mean reversion cycle has turned down:

The weekly trend and cycle are both pointing upwards:

While the monthly trend is up, the monthly mean reverting cycle is nearing its peak:

In summary, the trend in all three timeframes is pointing up. The monthly mean reversion cycle is supporting the upward trend in prices, and is so far dampening the short-term negative daily cycle effect. With the monthly cycle nearing its peak, however, this support may soon begin to wane.

 

Back to homepage

Leave a comment

Leave a comment