This straightforward weekly SPX strategy leverages two Simple Moving Averages - 14 and 41 - to generate buy signals, accompanied by a 10% take-profit and stop-loss orders for effective risk management. When backtested from 1980 to the present day, this strategy produced 18 buy signals, with an impressive 17 out of 18 resulting in winning trades. Presented below are the weekly SPX charts showcasing all the Buy signals since 1980.
SPX, 1980 - 1983
SPX, 1984 - 1987
SPX, 1988 - 1990
SPX, 1991 - 1994
SPX, 1994 - 1997
SPX, 1998 - 2000
SPX, 2003 - 2006
SPX, 2006 - 2008
SPX, 2009 - 2011
SPX, 2012 - 2014
SXP, 2015 - 2018
SPX, 2019 - 2022
A Recent Buy Signal
Recently, this strategy provided a new buy signal for the S&P 500 Index. Given the strategy's impressive historical track record, traders who follow this system may consider entering a long position in the index. Based on the model's historical performance with a 94% win rate, it suggests a strong possibility that the SPX could reach the 4,525 level in the coming weeks (which is a 10% take-profit level). However, it's essential to remember that past performance is not necessarily indicative of future results.
SPX, weekly
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