Market Dislocations Too Big to Ignore

Zooming out

SPX surged from Q4 2020 to Q4 2021. It then broke below the steep trend line, fell below the 100 day, resulting in a rather volatile bear. The last bull started in Q3 2023 and lasted until Q4 2024. We have just fallen below the steep trend and the 100 day. Let's see how this develops from here, but 5800 (futures) is the line in the sand level to watch.