Thoughtful charts as always Callum. What's puzzling for me is if there's been an outflow of funds from international investors How can the S&P 500 start to look more bullish? It seems to me that reduced funds would reduce demand and would cause a decrease in price. Is there something basic here that i'm missing?
Very good charts. I would like to add the "ratio Mag 7 / SP 500", which reached ATH in Feb.'25, then dropped and now knocking again to that ATH, which says "58% share of Mag7 of total SP500 performance" (simplified said). From my understanding the recent SP500 strength is also again very much about Mag7 and the question is, can they further drive the market up? In the link below a TradingView-chart, which I have created: it shows the ratio "Mag7/SP500", the SMA200-weekly (blue and dotted extension) and some key levels. If the ratio breaks SMA200-daily (red), the channel bottom trend-line (black) and then would drop to the SMA200-weekly, I would monitor, how it behaves (like Apr22 or going up again? ...plus surrounding Market analysis). I still "believe" that some lower levels in the market will be tested, may be not the lowest 07Apr we have seen, but close or proximity to that. Alternatively: it breaks the ATH Feb25 and moves up (with or without retest)... Link: https://www.tradingview.com/x/6y7WlgsK/
Thoughtful charts as always Callum. What's puzzling for me is if there's been an outflow of funds from international investors How can the S&P 500 start to look more bullish? It seems to me that reduced funds would reduce demand and would cause a decrease in price. Is there something basic here that i'm missing?
Very good charts. I would like to add the "ratio Mag 7 / SP 500", which reached ATH in Feb.'25, then dropped and now knocking again to that ATH, which says "58% share of Mag7 of total SP500 performance" (simplified said). From my understanding the recent SP500 strength is also again very much about Mag7 and the question is, can they further drive the market up? In the link below a TradingView-chart, which I have created: it shows the ratio "Mag7/SP500", the SMA200-weekly (blue and dotted extension) and some key levels. If the ratio breaks SMA200-daily (red), the channel bottom trend-line (black) and then would drop to the SMA200-weekly, I would monitor, how it behaves (like Apr22 or going up again? ...plus surrounding Market analysis). I still "believe" that some lower levels in the market will be tested, may be not the lowest 07Apr we have seen, but close or proximity to that. Alternatively: it breaks the ATH Feb25 and moves up (with or without retest)... Link: https://www.tradingview.com/x/6y7WlgsK/