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Dr_Roboto
May 17, 2021 8:36 PM

S&P 500 stocks above the 200 day - Will we see same pattern? 

S&P 500 Stocks Above 200-Day AverageINDEX

Description

Just something to ponder on. I have no idea if the pattern will hold compared to 2009-2010.

The 1 day looks more like it could bounce


Comments
Dreamalittledream
Excellent charting Guru Dr Roberto! Super appreciate it!
UnknownUnicorn5511258
very nice catch.
stockpreacherman
stockpreacherman
This is more relevant than ever: currentmarketvaluation.com/
Dr_Roboto
@stockpreacherman, Thanks for the link.

stockpreacherman
@Dr_Roboto, You bet. As always, thanks for the charts. Tonight's BTC plunge not looking good for NDX. Wonder if its inverted cup and handle will be validated in the AM...
Hedge_Of_The_World
Great work as always buddy. Looks like we're rolling over after retesting the 94 level. I don't know about you, but I'm so fed up of this market I can't even put it into words. It's not just the market, I feel like the entire of society has become a dystopian nightmare.
Dr_Roboto
@Hedge_Of_The_World, stop supporting my pessimistic view of the world 😉 I keep trying to be optimistic like all the bulls, but my personal experiences during this pandemic keep pull my back to the dark side. I could go on for ever about the real issues, but that is not helpful.

I have a great chart in microsoft excel about Shiller PE Ratio vs. S&P 500, but I have no idea how to share an image on tview. We are currently at a ratio that was the same as Dec 1998, which by the way is way higher than the 1928 market crash. You can see the basic plot from the following website and you can download the data if you want to play with it.
multpl.com/shiller-pe
Hedge_Of_The_World
@Dr_Roboto, We're nearly there. Any week now the bottom could fall out. I'm locked and loaded up on Vix. :)
peterbhc
@Hedge_Of_The_World, Same grabbed a bunch of UVXY, SQQQ, SDOW and SPXU - let's see what happens
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