TonyTheBullSeverino
TonyTheBullSeverino
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TonyTheBullSeverino

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Chartered Market Technician. Cycles, crowds, psychology. I don’t predict — I observe structure. Less noise. More signal.

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Joined on 15th November 2024

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TonyTheBullSeverino
Public Post

S&P 500 vs M2 Money Supply


This ratio shows that the S&P 500 hasn't made a new local ATH when measured against M2 money supply.


The S&P500 also hasn't made a new ATH since the dot com bubble against M2


The two lacks of an ATH could be an indication of non-confirmation of a sustained rally

S&P 500 vs M2 Money SupplyS&P 500 vs M2 Money SupplyS&P 500 vs M2 Money Supply