Historical Snapshot (2nd Half year 2017)
In theory, "the trend is your friend", in reality, it's only "until the bend at the end". Currently the index-support in the S&P 500 - marked by the latest EMA-30 (daily) reading would be @ 3,266 points. Calculating from...
...the status of ca. 3,367 points at the moment, we would still have a wiggle-room of ca. 3%.
Nice cushion - for the moment...HISTORY is a great place to look for, to see how that Index is "working" (in an upmove-environment).
No need to panic (yet) ;-)
Until a BLACK SWAN comes over us...