Flat but Not Boring Year for 2015 SP500

Dec 31, 2015: 1:17 PM CST

If the 2,060 level for the S&P 500 seems familiar for you, that’s because it is.  We’ve been here before – a lot.

Check out my most recent post “Gotta Watch this Important Trendline for the S&P 500” for a little background.

Let’s chart the 2015 S&P 500 performance and note how the market traveled in a circle all year.

The S&P 500 opened January 2, 2015 at 2,058 and mid-day December 31st it trades at the same price level.

That’s not to say the market was ‘flat’ all year – we had an upward consolidation drift that gave way to a collapse in August.

Here’s a couple reference posts to study from this period:

“S&P 500 Color Structure Pinpoints Key Areas for You”

“The Thrilling Trading Range of 2015 Continues”

The breakout and collapse thrust price under 1,900 only to rally sharply back to the highs.

Note the correct prediction I made in the video analysis comparing 2015 with the same pattern in 2011 (post).

In fact, 2011 was a great analog for planning the remainder of 2015 after the crash.

For those interested (I certainly am), here’s a direct comparison with 2011 using the same chart frame:

Nevertheless, price recovered back toward the highs and then ended bearishly from November into December.

However, the famous “Santa Claus” Rally materialized the week of Christmas, right on schedule (post).

As we turn the page to 2016, keep the most recent performance – and price levels (2,060) – in mind.

The next tradable “swing” of the market will likely be another departure away from 2,060.

Be safe and have a wonderful New Year!  Prosperity to you and your family in 2016 and beyond.

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Corey Rosenbloom, CMT
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3 Comments

3 Responses to “Flat but Not Boring Year for 2015 SP500”

  1. Dec 31 Market Reversal Day and Stock Scan | Afraid to Trade.com Blog Says:

    […] sure to read the “2015 was Flat but not Boring” update – it details the S&P 500 performance for […]

  2. tenyear Says:

    Bought ARES today. Nice dividend too.

  3. Big Price Action and Flag Targets for SP500 | Afraid to Trade.com Blog Says:

    […] a moment to reference my prior post “A Flat but Not Boring 2015” for additional […]