S&P 500 50-Day Moving Average Spread

The S&P 500 is currently trading 8.56% above its 50-day moving average, which is its most overbought reading since May 2001.  As shown in the historical 50-day moving average spread chart of the S&P 500 below, these levels are rarely reached, and when they are, pullbacks or sideways trading usually ensues.  However, oversold levels hit multi-year extremes and kept getting more and more oversold at the end of 2008.  While it's likely that the market will take a breather, anything can happen in this market.

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Comments

[Max]

What was the spread for the 1982 47% rally in 11 weeks? Thanks

[Colin]

Got up to about 14% over once and about 12.5% another time (two surges in the same rally).

[Max]

Thanks Colin!