By now you are most likely aware that the S&P 500 just experienced its quickest 10% decline in its history. Did this decline break long-term rising channels?  Check out the 3-pack above.

This 3-pack takes a monthly look at the Bank Index (BKX), JP Morgan (JPM) and the S&P 500. Each has spent the majority of the past 9-years inside of rising channels, as they have created higher lows and higher highs.

These channels are important as the 20% decline in the S&P 500 in the fall of 2018 tested rising support, yet it did not break it.

The Bank Index closed below its 9-year rising channel in February, which was a first in the past 9-years.

JPM and the S&P 500 both remain above 9-year rising support at each (1), reflecting the long-term bull trend is still in play.

Joe Friday Just The Facts Ma’am- If the S&P and JPM close on a monthly basis below 9-year rising channels at each (1), the 9-year bull market/trend looks to be in jeopardy.

Investors can either be a follower or fighter of the trend. Long-term investment success often takes place when the long-term trend is correctly identified. If being on the right side of the trend is important to you, our Global Trend Report will be of great assistance in Trend awareness.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past