Replies to post #22579 on Market Direction and Stock Trends

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Weekend Analysis by Amateur Investors
By: Amateur Investors | September 30, 2017

Another positive quarter for the market as the S&P 500 has only had one negative quarter since 2013 which was in the Summer of 2015 (point A).



Meanwhile the VIX has dropped back below to 10 level as it encountered resistance along its downward trend line using a log scale. As we have seen the last few years, each time this downward trend line has been tagged the VIX quickly sells off (points B to C) allowing the S&P 500 to make new highs (points D to E).



Finally the S&P 500 is now nearing the top of its upward channel I have been mentioning the last few weeks. It will be interesting to see if a reversal occurs in October, with the S&P 500 eventually testing the lower part of the upward channel near the 2450 level.



http://www.amateur-investors.com/AII_Weekend_AnalysisSep_30_17.htm

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