美股熊市的对比图：今年 vs 2000年

标普500 

2000年1月至2002年5月

如图，第一波下跌从2000年8月底直至2001年3月底，4月初，时长7个月左右，从高点1520跌至1103，跌幅27.4%。

2021年四月至今（2022年6月）

如图，在2022年1月初见顶4800点，至今（2022年6月中）5个半月，跌至3664，跌幅23.6%。预测1【如果这一波的跌幅为28%，那么目标价位是3456左右，并在7月底左右】pbBrady Jiang.

NASDAQ指数

2000年1月至2002年5月

如图，在2000年3月见顶5048点，比标普500顶部早5个月左右，并在标普500见顶的8月底已经跌至4234，至2001年3月底，4月初的第一波，时长7+5=12个月左右，跌至1639，跌幅67.5%。

2021年四月至今（2022年6月）

如图，在2021年11月中见顶16057点，比标普顶部早一个半月左右，至今（2022年6月中）7个月，跌至10658，跌幅33.6%。

US Stock Index Update

Even though last week was dubbed the best week in 2 years, the following charts show that the major indexes were just on track to get back to the upward trending channel dated back to September last year, and in fact, Dow is already in the channel, NASDAQ has touched the lower end and reversed, and S&P has not yet touched the lower end of channel yet.

DOW

NASDAQ

S&P 500

US market charts update

Today major US indexes except Dow are sitting right on the support dated back to last September, it's also the lower end of upward trending channel.  Dow is in a better shape, but is also sitting on 50 day MA.  Is a strong rally about to start?

NYA

S&P 500

DJIA

NASDAQ

US market chart update

Update to previous analysis: it seems the recent term target of major indexes is to reach 50 day MA.

S&P 500

NASDAQ

Dow

US market chart analysis

Chart analysis of Dow 30, NASDAQ and S&P 500 indexes of US market.  While mid-March low proved to be lower end of upward sloped channel dated back to Sep'10 for all indexes, developments after mid-March differ for different indexes.  The recent new high reached in early May was at the upper end of upward trending channel for Dow, but was at the mid-point of channels for S&P 500 and NASDAQ.  We will keep a close eye on the next dip before bullish breakout.

Dow 30

S&P 500

NASDAQ

S&P 500 Volatility Index (VIX).  Since 2008 crisis, VIX has been trending in a descending triangle, will this correction lead it to go up and test the upper end of the triangle.  We should keep a close eye.

S&P 500 and NASDAQ chart update

S&P 500 and NASDAQ found support at May reaction high, then rebounded to 50% and 61.8% fib level, and now is bouncing back down.

S&P 500

NASDAQ

If 500 broke down 1170 level, then short term target would be 1120-1130 area and 2328 for NASDAQ

Early Trends in S&P 500 and NASDAQ

S&P 500 is forming a very early stage down trend which is matching with April-June down trend in terms of slope almost 100%

NASDAQ is also forming early stage down trend which is more steep comparing with April-June down trend in terms of slope, however, the up trend from September to November (blue) is also steeper than the April - June up trend (red)

US indexes broke down trend

Today SPX, COMPQ and DJIA all broke down trend since April 23rd, this is in my opinion, significant development.  We will wait and see whether this indeed is start of a new trend.