• 2 hours Tesla Slashes Prices Again
  • 4 hours The Modern History Of Financial Entropy
  • 20 hours Italy’s Central Bank Embraces Sustainable Investing
  • 23 hours Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 1 day Researchers Push To Limit Space Mining
  • 1 day Could China Start Dumping U.S. Treasury Bonds?
  • 2 days Is Winter Coming For HBO?
  • 2 days Rise Of EVs Signals Peak Gasoline
  • 3 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 3 days Gold Mining Stocks Stuck In Limbo
  • 4 days Executive Order Targets Huawei Over Espionage
  • 4 days Why Now May Be The Best Time Ever To Hold Gold
  • 5 days Fake News Sinks Shares In UK-Based Bank
  • 5 days De Beers To Build $468 Million Diamond Recovery Ship
  • 5 days Moody's: Turkey Faces Possible Credit Downgrade
  • 5 days Tesla's Solar Sales Are Slipping
  • 6 days Auto Industry To Get Temporary Tariff Relief
  • 6 days Welcome To The World’s Biggest Free Trade Area
  • 6 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
  • 6 days U.S.-China Impasse Threatens Rare Earth Trade
How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

The State of the Trend

Things haven't changed much since our last update at the beginning of April. The long-term trend remains up, although the SP500 hasn't been able to break out of the box it has been confined to since February '15.

There's a good chance that the SPX will make another run at new highs this week, since it has been making higher lows all throughout March and April, and the current upswing is starting from oversold levels, just as it happened on all previous occasions:

S&P500 Index Chart
Charts courtesy of OT Signals

Swing degree angles provide accurate support/resistance levels and price and time targets. Despite all the handwringing about QE, HFT, CB intervention and what not, when examined through the decades (going all the way back to the end of the 19th century), these same angles reveal that the markets have a tendency to move consistently along similar paths and to follow similar patterns.

Measured by the same historical standards, this bull run is getting long in the tooth and will also run its course. But first, several key short-term technical levels would have to be broken. Until that happens, no matter how much the bears cry wolf at every downturn, the bulls will keep possession of the ball.

 

Back to homepage

Leave a comment

Leave a comment