S&P 500 Channels: 1974, 1994, 2009, 2020
If this is not the top, then there is no point in ever selling again as the Fed has completely destroyed the free market. QE has put the market on steroids and every correction from now on will only last as long as it take congress to pass more stimulus. Hope you enjoy the charts and maybe someday resistance lines will matter again.
1974 channel (end of oil crisis)
1994 channel (Netscape web browser)
2009 channel (Quantitative Easing - QE)
2020 channel (Covid and the end of the free market)
1974 channel (end of oil crisis)
1994 channel (Netscape web browser)
2009 channel (Quantitative Easing - QE)
2020 channel (Covid and the end of the free market)
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.