Percentage of the 500 stock components which comprise the S&P 500 index that reside above:
their 200-day EMA their 50-day EMA their 20-day EMA
$SPX daily chart with internals -
* the number of consecutive days the components reside above their 200-day EMA at the 80% level and above is often a relatively small number of days in any given long-term price advance over the years/decades unless it is an unusually steady price advance by SPY and $SPX ... I am seeing some analysts making public statements that this internal metric alone argues for caution once the duration of its state above 80% lengthens
I have 75% marked as the horizontal for vigilance, and plan to leave the value at that location as it has been for many years on this chart
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.