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Thursday, December 1, 2022

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The S&P 500 and Its 800 Pound Gorilla

Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The analysis presented here does not necessarily represent the views of Advisor Perspectives.


From a multi-year perspective, heavy resistance remains in place around 3% above yesterday’s closing price.

At the same time the S&P 500 index is nearing this resistance, a few sentiment indicators are getting a little long in the tooth, one of them being the Citigroup Economic Surprise Index (second chart below).

 

 

 

(c) Kimble Charting Solutions
blog.kimblechartingsolutions.com

 

 

 

 

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