Find Out Just How Overextended This Market Is – Chart Of The Day

Posted by on March 3, 2017 12:22 pm
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The S&P 500 has gapped up nearly 8% above its 200-day moving average. Another sign of an overextended stock market. Moving averages are like “gravity.” Prices can only move so far above the longer-term average before the gravitational force exerted causes prices to “revert to the mean.”