CLICK ON CHART TO ENLARGE
Numerous global stocks indices peaked in January as they started creating a series of lower highs and lower lows. While a good deal of global stocks were heading south, major indices in the states continued higher.
This divergence created this question; Will US stocks pull weak global markets up, or will US stocks be pulled lower by global weakness?
This month it appears that US Stocks are playing a game of “downside catchup with weak global markets!”
Below looks at the S&P 500 over the past 50-Years on a monthly basis-
CLICK ON CHART TO ENLARGE
The S&P is testing the top of its 30-year rising channel with momentum at levels last seen in 1987, 2000 & 2007 at each (3).
The long-term bullish trend in the S&P would be damaged if the “S&P plays downside catchup with global markets and breaks support at (4)!
- Dr. Geert Vanden Bossche forecasts total chaos within 2 months.
- Breyer retirement letter has no President name on it. – Opinions coming Thursday
- Chicago shoplifter gets folded up like a pretzel by jujitsu instructor
- Why Are They Still Pushing the Global Warming Hoax When We Have Real Problems to Take Care Of?
- Rationing Has Already Started In Europe As The Entire Globe Plunges Into A Horrific Economic Nightmare
- Armstrong: Prepare for WWIII: The West NEEDS war because the entire financial system is collapsing
- What’s Happening to America’s Wealthiest Families Proves the Dollar Is Failing
- Things are going down in the Netherlands.
- 29-year-old trans woman beats 13-year-old girl to 1st place in NYC girl’s skateboarding contest
- PEDOPHILES ARE OFFICIALLY A PROTECTED CLASS IN AMERICA NOW
Views: 0