The berserker rally in the SPX that began in February now has the index “as extended it ever gets” in relation to the 50-day moving average.
Here’s Ray Jay chartist Andrew Adams, who also notes that breadth is confirming the run. I would add in that volume is not, it feels like a ghost town lately…
the S&P 500 is more than 6% stretched above its 50-day moving average, about as extended as it ever gets. That is almost two standard deviations above the average from the last five years!

If this is a headfake, it’s an elaborate one.
Source:
Charts of the Week
Raymond James – March 23rd, 2016
[…] It’s hard to fake this kind of stock strength. (thereformedbroker) […]
… [Trackback]
[…] Info to that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Find More to that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Find More here on that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Here you can find 8443 additional Information to that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Find More Info here to that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Read More on that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Read More Info here on that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Find More Information here on that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Read More to that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Read More on to that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]
… [Trackback]
[…] Find More here on that Topic: thereformedbroker.com/2016/03/23/chart-o-the-day-as-extended-as-it-ever-gets/ […]