Weekend Analysis by Amateur Investors By: Amateur Investors | September 2, 2017
In terms of "Real Dollars" the S&P remains well above the top of its longer term upward channel (red line). As I have pointed out before, there have only been two other occurrences in which the S&P has been well above the top of its upward channel. These events occurred in the late 1990's and way back in the mid 1850's.
If the S&P were to rise up to the trend line connecting the previous peaks of the mid 1850's and late 1990's, that would yield a value around the 2700 level (purple line).
Finally notice the peaks of the late 1990's and mid 1850's were followed by substantial corrections exceeding 60% as the S&P eventually dropped back below its long term mean (green line).
News 
Market Data 
Discover 
