Comment on request. My response below...
"On all metrics it look like one of the most overbought conditions (per the daily chart) in a decade. The usual stats apply (price at 2x mean, divergence etc), but what I've also noticed is the distance vs the 200-day SMA. The index is +15% above the SMA - the 2nd highest in a decade."
"On all metrics it look like one of the most overbought conditions (per the daily chart) in a decade. The usual stats apply (price at 2x mean, divergence etc), but what I've also noticed is the distance vs the 200-day SMA. The index is +15% above the SMA - the 2nd highest in a decade."
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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.