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S&P 500 Index

$SPX closes above 4-sigma McMillan Volatility Band

416
Add this to your list of overbought indicators. We constantly remind our readers, "overbought does not mean sell". If you're looking to short, patience is key in these environments. The market can remain overbought/oversold for very long periods of time. An MVB sell signal will occur whenever SPX closes back below the 3-sigma band.
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Chart PatternsTechnical IndicatorsWave Analysis
optstrategist
CLICK HERE FOR MORE INFO on our TradingView indicators --> optionstrategist.com/products/category/analysis-tools <--

CLICK HERE FOR MORE INFO on Daily Strategist--> optionstrategist.com/products/daily-strategist-newsletter <--
Also on:

Disclaimer

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.