Saturday, February 06, 2021 7:51:11 PM
$SPX Going Exponential
Two ways to look at the same chart:
The upper chart has a logarithmic vertical scale while the lower chart has a linear vertical scale, thus making it easier to identify a stock whose price is going exponential -- usually meaning it’s becoming overbought.
Having crossed over the upper red line in the lower chart, I would say $SPX is overbought especially considering the condition our economic condition is in.
Two ways to look at the same chart:
The upper chart has a logarithmic vertical scale while the lower chart has a linear vertical scale, thus making it easier to identify a stock whose price is going exponential -- usually meaning it’s becoming overbought.
Having crossed over the upper red line in the lower chart, I would say $SPX is overbought especially considering the condition our economic condition is in.
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