SP 500 Trend Analysis
Use this graph to draw trend lines for S&P 500. You can use it to identify possible trend reversals for SP 500 as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual SP 500 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
SP 500 Best Fit Change Line
The following chart estimates an ordinary least squares regression model for S&P 500 applied against its price change over selected period. The best fit line has a slop of 1.98 %
which may suggest that S&P 500 market price will keep on failing further. It has 34 observation points and a regression sum of squares at 3183.7, which is the sum of squared deviations for the predicted SP 500 price change compared to its average price change.
Virtually all of Macroaxis investors are at this time bullish on S&P 500. What is your outlook on investing in USA companies? Are you bullish or bearish on S&P 500?