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$SPX closes above 4-sigma McMillan Volatility Band

S&P 500 Index (SP:SPX)  
optstrategist  
SP:SPX   S&P 500 Index
Chart Patterns Technical Indicators Wave Analysis
4
0
chartpattern indicator waveanalysis
Add this to your list of overbought indicators. We constantly remind our readers, "overbought does not mean sell". If you're looking to short, patience is key in these environments. The market can remain overbought/oversold for very long periods of time. An MVB sell signal will occur whenever $SPX closes back below the 3-sigma band.
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