Down years only happen when the Fed makes a policy mistake and is "non accommodative" in its language.— Sven Henrich (@NorthmanTrader) November 8, 2021
Since 2008 this has only happened once for a 3 month period in 2018.$NDX https://t.co/k66qgcEq8b pic.twitter.com/hBFWHNFDSx
THE ECONOMY IS HEALING pic.twitter.com/cNp8kKVNKk— Kenny Lay (Parody) (@EnronChairman) November 8, 2021
SPX Weekly Chart (2009-2021): (1) in logscale, SPX has traced within a channel over last 12 years. (2) based on EWT, the bullish leg from 2191 low should be W-5 of the bull market--though extended, still within the channel. (3) you may notice the alternation of waves btw W2 & W4.
DTK Turns Orange! (1) first time since Aug 17, DTK turns orange, which if the current trend continues, a major top is within days. (2) this top would be orange W-3; after a rather extended sideway move, SPX would complete the SIGNIFICANT top later. (3) Blue trendline from 2009.
Make that 65 new all-time highs for the S&P 500 in 2021.— Ryan Detrick, CMT (@RyanDetrick) November 8, 2021
This is the second most ever and only 1995 had more. pic.twitter.com/41gKGxwsww