SPX:Where are we? A or B?

TechnicalHunter
03-04

The $S&P 500(.SPX)$ fell 1.8% on Monday, its biggest decline of the year so far. This was the 6th daily decline in 2025 with a loss above 1%. Since 1928, the average year has 29 such declines.

As an investor, you should expect many more days like this.

Where are we? A or B?

Or the question is $S&P 500(.SPX)$ heading to a 2000 style crash or a 2015 hiccup?

Technically, a break below $5812 would target $5670 for March.

The forward 12-month P/E ratio for $S&P 500(.SPX)$ of 21.2 is above the 5-year average (19.8) and above the 10-year average (18.3).

Right now, $Invesco QQQ(QQQ)$ is still bullish, but we NEED to hold $490—if that level breaks, we could see a multi-year sell-off.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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