The S&P 500 index has risen +3.3% since February, but looking back over the 50 years from 1974 to 2023, February ranks as the third-worst month, with an average gain…
Posts tagged as “S&P 500”
S&P 500 has been overbought for a while, sparking concerns of an impending correction. In the chart, the orange area represents the S&P’s distance (%) from the 200-day moving average.…
S&P 500 is testing the blue uptrend line from 2018. Should it fail to hold, S&P 500 may hit the middle of the 13-year orange up-channel. Also, more than 100…
S&P 500 is consolidating between MA50 and MA200. As long as it is above MA200, the rebound continues. Also, more than 600 stocks are consolidating between MA50 and MA200, including…
S&P 500 clearly hit an all-time high on Monday. It is likely to meet resistance at the 16-month blue uptrend line at about 4850. But watch the purple line of…