Update to long term S&P trend

٩ نوفمبر ٢٠١٩

In previous posts, I got some great feedback that I used to improve my charting of the S&P's long term trend. The trend continues to be bullish , however, there is still a growing concern that a recession is overdue and that a combination of a global slowdown and aggressive trade tensions are adding to the risks. There are many other economic factors both for a bullish or bearish outlook and I will not go into details here (I'm sure that most of you are keeping a close eye on domestic and world events). The following chart gives a technical outlook with a few notes and may (no doubt will) continue to need revising. Please leave me comments if you have any suggestions or observations so that I can improve my work.