Sunday, April 19, 2015

SPX S&P 500 Daily Chart Choppy Sideways Year Continues

The SPX starts the year at 2059 (pink line). The sawtooth, choppy sideways pattern continues for the last five months chewing up and spitting out bulls and bears alike. The SPX is in the same place as early December, at 2080-ish, but has traveled a distance of 1280 points in that time frame, over 60% of its entire point range! That is sideways choppiness. Price moves through the 2000-2100 range for nearly six months; one-half year; a 100-point range.

In January, the SPX was negative on the year then the global central banker pump in February saved the day. The SPX turned positive on the year in February and is remaining positive despite three slips under in March and April. The S&P 500 is 2081, up a paltry 22 points this year, +1.1%, after nearly four months of drama. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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