Get started
mistrykam

S&P 500 Overextended: 35% above 200-day on the Weekly

Long
S&P 500 Index (TVC:SPX)  
mistrykam  
TVC:SPX   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators
6
2
trendanalysis chartpattern indicator
We are now 35% above 200-day on the weekly chart.

S&P 500 is way out of the uptrend channel.

Are we going to repeat the 2020 crash again?

Getting into the "delusional" stage of the market cycle.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.