S&P 500 has nearly mean reverted

As a revision to last week’s post,

the chart below shows the S&P 500 is trading only 8% above its 200 weekly moving average.

So, the thinking goes, a move of 8% lower to the 3,503 region satisfies a mean reversion to the 200 week moving average and also has it ‘double dipping’ into oversold territory.

June 14, 2022

by Rob Zdravevski

rob@karriasset.com.au