S%26p 500 - S&P 500 is trading 12.2% above its 200 Day moving average and is clearly overbought as you can tell by looking at the RSI. Fun fact: Since 1970, 8 of the 12 times the $SPX was 12% above its 200D it ended up trading to 20% higher according to data from FactSet.

8:16pm PDT - July 24th, 2023

S&P 500 is trading 12.2% above its 200 Day moving average and is clearly overbought as you can tell by looking at the RSI. Fun fact: Since 1970, 8 of the 12 times the $SPX was 12% above its 200D it ended up trading to 20% higher according to data from FactSet.

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Antoine Cureton | Chief Investment Mentor (@Solidified)