Investing
Haven
No Result
View All Result
Wednesday, April 21, 2021
  • Login
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
Crypto investing >>
Investing
Haven
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
No Result
View All Result
Investing Haven
No Result
View All Result

A Beautiful Secular Trendline On The S&P 500 Chart, This is What It Suggests

by Taki Tsaklanos
March 07, 2021
in Markets & Stocks
0
Tags: SPX
bull market
3k
VIEWS
Share on FacebookShare on Twitter

It is a minority of price points that have an above average meaning (often predictive), is one of the ways to interpret Tsaklanos his 1/99 Investing Principles. A long term chart often explains why a market is either hesitant or explosive around certain price points. Morover, it is the long term chart that can reveal some utterly important trends, often in the form of a very simplistic trendline (simple line, either horizontal or rising/falling). The S&P 500 has such a trendline: it’s beautiful on the long term timeframe, but explains a lot of price action on the short term timeframe.

The first chart we feature is the secular S&P 500 chart (40 years).

The simplest trendline we did find on this chart, one that everyone can find and draw, is the red thick rising trendline. Why would this be an important trendline? For 2 reasons:

  • It marked the start of structural trends and/or major breakouts or breakdowns.
  • It has several touches.

We see that this trendline was the last touch in 1983 before a major bull market started which lasted 17 years!

Moreover, it was when the 2008 market crash accelerated that this long term trendline was broken to the downside (start of a series of big red candles).

In 2014/2015 this trendline provided resistance after which the 2015/2016 temporary downtrend in stocks started.

It was exactly at that point where the epic 2020 Corona crash started.

s&p 500 chart

The daily S&P 500 chart shows a close up of current price action as it relates to that secular trendline.

Since December of 2020 the S&P 500 trades above this secular trendline, and has tested it multiple times as support. Even last week the S&P 500 found support *exactly* at that same trendline.

Coincidence?

Not really, coincidence doesn’t exist in markets. There is much more logic than anyone would expect, it just requires a lot of study and an open mind to discover trends, patterns and relevant price points.

s&p 500 daily chart

We said many times that we expect March of 2021 to be volatile, and we might see some price action above and below this secular trendline. Ultimately, we believe that the market will resolve higher. In the bigger scheme of things, which is the secular chart featured above, the stock market may accelerate its long term bull market … provided it continues to trade above that secular trendline in a few weeks and months from now.

 

Enjoying our work? We invest in broad stocks as wel as commodities in our Momentum Investing portfolio. In our Trade Alerts premium service we focus on SPX trading in the short term. Next to SPX trading we take a few swing trades per year. In 2020 the combined portfolio delivered +93%. Results are tracked in our trade log books, and publicly shared every 6 months on our Mission 2026 page. 

 

  premium service trade alerts   premium service trade alerts   premium service crypto teaser  
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

  • Trending
  • Comments
  • Latest
silver prices

A Silver Price Forecast For 2021 *Silver 30 USD Underway*

January 2, 2021
gold price

A Gold Price Forecast For 2021 *Gold 2200 USD Underway*

January 2, 2021
dow jones

A Dow Jones Forecast For 2021 *New All Time Highs*

January 2, 2021
dow jones

Dow Jones Long Term Chart on 20 Years *10 Must See Charts*

October 26, 2020
technology stocks

In Hindsight Insights: Nasdaq’s Retracement In March Was Really Violent

0

Protected: [Emerging Markets/Gold/Silver] Heads up Template

0

Protected: [SPY] Heads up Template

0

Protected: [GOLD] Buy Alert Template

0
technology stocks

In Hindsight Insights: Nasdaq’s Retracement In March Was Really Violent

April 18, 2021
btc bitcoin

Bitcoin’s Brutal Decline Was A Test Of Its Rising Trend Channel … For Now

April 18, 2021
bear market

Gold: Will The Tactical Bear Win Or The Secular Bull Market?

April 18, 2021
euro

Leading Global Risk Indicator Trying To Turn Bullish In April

April 18, 2021

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026

Site Navigation

  • RSS Feed
  • About us
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2021 Investing Haven

No Result
View All Result
  • Premium Services & Login
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2021 Forecasts
  • Markets & Stocks
  • Commodities & Gold
  • Crypto Markets
  • Mission 2026

Copyright © 2021 Investing Haven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In