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Market Signal
S&P 500 Underwater Chart
A clean standalone drawdown chart showing how far the S&P 500 is sitting below its own running peak at every point in time.
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The latest series values are listed below the chart. Visible-window CSV and full-history JSON downloads are available above.
Historical Context
Toggle the market-event markers above when you want to line recent regime shifts up with the signal.
How To Read It
- This chart tells you how much damage remains from the last peak, even if price action feels calmer now.
- Short, shallow drawdowns usually confirm a strong trend; deep, long ones often signal regime change.
- Use it to compare both pain and recovery speed across cycles.
Next step Want the longer read behind this chart?
ChartVault keeps the chart free and focused. The broader interpretation and setups continue in the publications below.