The long-term trend of the S&P 500 is being challenged.
The current long-term rally began in early 2009 following the financial crisis and has traded within the confines of an upward sloping trend channel ever since.
So where does this benchmark index stand now?
Today’s chart illustrates how the S&P 500 is currently testing support (green line) of its long-term trend channel.
What is the S&P 500?
The S&P 500 is a basket of 500 U.S. publicly traded, large-cap stocks.
When was the S&P 500 initiated?
The S&P 500 was initiated on March 4, 1957.
How is the S&P 500 calculated?
The S&P 500 is a public float market-capitalization weighted index where public float is shares of a stock that are available for public trading.
How can you invest in the S&P 500?
There are several ETFs that track the S&P 500. The largest S&P 500 ETF is the SPDR S&P 500 ETF Trust (SPY).