Get started
Silvestrov

S&P-500 - time to be cautious, not excited

S&P 500 Index (SP:SPX)  
Silvestrov  
SP:SPX   S&P 500 Index
Triangle Beyond Technical Analysis Economic Cycles S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) nasdaq QQQ usmarket IWM Equity broadeningtriangle broadeningtop
20
1
triangle beyondta economiccycle spx500 spy nasdaq qqq usmarket iwm equity broadeningtriangle broadeningtop
With new ATH in TVC:SPX and AMEX:SPY , it is worth to remember that since 2018 such highs are later followed by new lows inside the broadening pattern.

In fact, with current state of macro and fundamentals, new lows (price going ~40% lower!!!) would not be so surprising, and if history is a guide it can happen fast as well. Therefore, buyer beware!

Related Ideas

Silvestrov
S&P-500 - is megaphone indeed playing out?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.