How high above the 200-day can the S&P 500 get?
The big news this past week is that the S&P 500 got way out ahead of its 200-day moving average – more than 11% above, in fact. Michael wrote about how shitty of a timing signal this measure is here, if you haven’t read it yet you CANNOT miss it. In the meanwhile, Jon Krinsky notes that while we may be stretched based on recent history, in the 1990’s, the S&P was routinely more than 10% above the...
source https://thereformedbroker.com/2020/01/21/how-high-above-the-200-day-can-the-sp-500-get/
The post How high above the 200-day can the S&P 500 get? appeared first on The Reformed Broker.
source https://thereformedbroker.com/2020/01/21/how-high-above-the-200-day-can-the-sp-500-get/
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