SPX not at an extreme
June 6, 2022 Leave a comment
I’m re-visiting my notes written in October 2021 and late December 2021, when the S&P 500 was reacquainting itself with historically high percentages it was trading above its 200 week moving average.
In the chart below, the S&P 500 isn’t touching those ‘extreme’s anymore.
This is a function of the mean ‘rolling higher’ and a healthy decline in the index.
Incidentally, since mid October 2021, that 200 week moving average has moved from 3,210 to its current reading of 3,500.
The S&P 500 is now ‘only’ 17% above that very long term mean, as seen in the chart below.
June 6, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 