S&P500 & Durable Goods Orders U.S 1990-2020 . It's very difficult put trend line on chart Sp500 and other Index for investing Break out , but , if we observe Durable Gooods Orders it's very easy , great discovery because they are in correlation .
It does not make sense to look at a chart like this without turning on the logarithmic y axis.
Also have a look at the period from 1982 to 2000
If you bring up RSI or MACD you will see that we are somewhere around 1987 now.
Without being overly extended actually like we were in 1987
claudioiommi
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@Bartdeking,
I can't advertise but I assure you it's on a logarithmic scale
Ricardo_Matsushita
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Truth is, the FED is keeping the market going up without fundaments.
Also have a look at the period from 1982 to 2000
If you bring up RSI or MACD you will see that we are somewhere around 1987 now.
Without being overly extended actually like we were in 1987