SPX – 3rd time lucky?

Since 2009, the SNP500 has gained about 200% in value… is the world economy still dodgy?

Looking back from 1995, its multi-year triple top resistance is nearing, so will we push through the magical 1530? There’s a fair chance of a big consolidation before that happens, which will setup for the recovery push upwards. It seems to me this maybe the case due to the nature of rising wedges to break to the downside. I’m not expecting to go back to 800 again, but considering how much it has gained, a decline to close to its 200WMA  at about 1250 is considerable.


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