S&P500 stocks above 200-day Moving Average

The % of S&P 500 stocks above the 200-day moving average is back above the mean level. It was a steep rise, but there is more room to the upside. With the orange boxes you can see a comparison with the summer period of 2010. Comparing patterns with historical ones however is very tricky, as there circumstances always are different.
But, fact is that too strong uptrend has to be followed by a period of pullbacks and/or channels. So, keep this one on your radar for the coming weeks/months


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