A chart to get you thinking going into the weekend.

lc Mar 1, 2024

Investor Alert:

Check out this chart from Trading View.

So apart from looking like a certain other bubble in regards to price action, what exactly does it mean?

In Feb, the S&P 500’s closing price was the 8th highest deviation above the historical mean for closes at month end!!!!

In simple non trading terms- IT LOOKS VERY OVER BOUGHT……

Being over bought, doesn’t mean it will crash, but if we do find some momentum on the DOWN side, it definitely means there is a long way to fall.

The only question is- what will the stimulus be that rocks the market?

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