S&P 500 Index trend analysis
The S&P 500 Index (SPX) $SPX relative strength tends to hug and bounce off of a 30% annualized rate growth over a 200 day average. When it dips below, it is vulnerable to a correction and/or consolidation. As of Fridays’ close the index is 1.1% above this trend. See chart below. Comments welcome.
![](https://trendanomics.wordpress.com/wp-content/uploads/2021/07/image-1.png?w=1024)