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one23
Aug 24, 2014 7:21 PM

SPX: A few considerations... 

S&P 500SP

Description

1. Yearly Pivot R1 is still resisting price.

2. The Detrended Price Oscillator implies an extremely overbought state.

3. CAPE Ratio (not shown) is near its high (excluding the tech boom outlier).

This will be interesting to watch indeed.
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