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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: #Breeze who wrote (15079)1/8/2023 11:55:04 AM
From: Kirk ©1 Recommendation

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Here is an interesting way to chart data: Inflation adjusted values on a log scale.

From S&P 500 (Inflation-Adjusted): chartoftheday.com
The long-term trend of the S&P 500 is being challenged.

The current long-term rally began in early 2009 following the financial crisis and has traded within the confines of an upward sloping trend channel ever since.

So where does this benchmark index stand now?

Today’s chart illustrates how the S&P 500 is currently testing support (green line) of its long-term trend channel.
This is a snapshot as I think their chart updates



To: #Breeze who wrote (15079)1/9/2023 1:26:29 PM
From: #Breeze2 Recommendations

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Kirk ©
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SOX Count Update Wave (v) of 1 in play. Nice H&S pattern forming but a Wave 2 pullback will negate it. Breeze.

tradingview.com

Message 34144732