S&P 500 Getting Stretched – Topping Process Likely Underway

Posted by Financial Sense

Share on Facebook

Tweet on Twitter




Looking at the chart above, there is now good reason to believe the rip-roaring 13% rally from mid-February has come too far too fast and may be in the process of topping out.

Periodically the S&P 500 will get extremely stretched, moving too far above or too far below its 50-day moving average indicated by the horizontal red and green lines. When this happens, we typically see an important top or bottom in the market take place.

….continue reading HERE