The S&P 500 is a linear instrument for making money. If we examine this index on the log scale, we derive a historical price channel that can call recessions/depressions. We are close to a huge resistance line. Zoom in for clarity!
The S&P 500 is a linear instrument for making money. If we examine this index on the log scale, we derive a historical price channel that can call recessions/depressions. We are close to a huge resistance line. Zoom in for clarity!
While the pattern is a bear flag, SPX Value that has been outperforming SPX since Sept 2020 it seems SVX VALYE is ready to break to the upside which would indicate a possible long term reversal. Still too early to tell but its worth tracking.
Just an interesting look at how value stocks have been left behind as money flows into presumably the growth stocks. That intuitively makes sense, but 2020 has been particular hard on value stocks. If you are a value investor, you must be shopping quite heavily now, knowing your day is coming.