Very optimistic scenario - Up for the next 7 years - SPX / M2SL
If you divide SPX by the MONEY SUPPLY (M2SL), you see the bull run we've had since the COVID crash only gets us back to our last high in January 2020.
No new ATH, and we are VERY far from the 2000 high.
The current pattern has many similarities to the 76-95 pattern.
MACD seems to be the indicator to pay attention to.
In July 1995 (Independence day) it broke out of it's pattern and went on a 124% bull run for 5 years until summer 1999.
Wouldn't that be sweet to go on a 5 year bull run until 2027!
Looking at macro economics, it seems unlikely but markets can be irrational for years!
No new ATH, and we are VERY far from the 2000 high.
The current pattern has many similarities to the 76-95 pattern.
MACD seems to be the indicator to pay attention to.
In July 1995 (Independence day) it broke out of it's pattern and went on a 124% bull run for 5 years until summer 1999.
Wouldn't that be sweet to go on a 5 year bull run until 2027!
Looking at macro economics, it seems unlikely but markets can be irrational for years!
Related publications
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.