From Investing.com: 2024-09-19 02:38:00

The monitoring shows a gain of 2.23% on long position sold on 9/13/24 at 5626.02 and 8.14% gain on long position sold on 8/19/24 at 5608.25. Overall gain from 1/1/23 to 12/31/23 on SPX was 28.12%. Market sentiments indicate a potential bearish trend with potential sideways movement or pullback in the near future.

The market seems to be leaning towards a bearish trend, especially after the recent FOMC meeting. While the bigger trend remains bullish with possible new highs later this year, the next month or so could be choppy. The monthly GDX chart signals a potential major buy or sell signal, with the last signal being generated on June 1, 2024, lasting for a minimum of 1 ½ years to as long as four years. Target date for current signal could range from December 2025 to June 2028.



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