Australian Shares

And the bubble goes “pop”

David Llewellyn-Smith
Wednesday, 14 February 2024
Advertisement

The Market Ear on the breaking bubble.

SPX – trying the steep line

SPX is hitting the steep trend line that has been in place since October lows. 4960 is the short term make or break level. Next stop below that is the 21 day moving average at 4925 ish.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
Twitter Share
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.