SPX S&P 500

$SPX $SPY Weekly Chart Still Overbought

I’m not sure overbought levels mean anything anymore! I honestly didn’t think SPX would go higher than 1,120-26 (50% retracement), at least not without a reaction/correction. MACD/price divergence continues.

Is the general public in or out of the market? Based on the people I know, they’re IN, but it’s a fairly small sample. And they’re Canadian! May not count. Please vote in the comments – is the general public in or out of the market?

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