$SPX 2021-JAN-14
Quick update on the trend of SPX.
Obviously by now we understand that the March 2020 drop was an anomaly to the macro trend which was bought back up. That being said though, the price has pushed back into the trend and is now on a crash course for the upper bound of the trend.
We saw a similar trajectory coming off the 2008 bottom; but this is indeed faster are larger in effect. It seems reasonable that the market is due for some type of correction soon.
Obviously by now we understand that the March 2020 drop was an anomaly to the macro trend which was bought back up. That being said though, the price has pushed back into the trend and is now on a crash course for the upper bound of the trend.
We saw a similar trajectory coming off the 2008 bottom; but this is indeed faster are larger in effect. It seems reasonable that the market is due for some type of correction soon.
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