The ratio of the S&P 500 spot price to its 200 day SMA is sitting at 1.20 currently and the last time it was this high was way back in May 1983. Back then, the index was sitting -2.5% lower one week later.
Friday, September 18, 2009
Is It Time To Short The S&P 500?
The ratio of the S&P 500 spot price to its 200 day SMA is sitting at 1.20 currently and the last time it was this high was way back in May 1983. Back then, the index was sitting -2.5% lower one week later.
Subscribe to:
Comment Feed (RSS)
|