FYI The S&P 500 got within 16 points of its all-time intraday high yesterday, but the index couldn’t hold the rally into the close like it had been doing in recent trading days. Buyers appeared to take the afternoon off. As we head into another day of trading, below is a look at our S&P 500 sector trading range charts, so you can see where different areas of the market currently stand. In the charts, the white line represents each sector’s 50-day moving average (DMA), while the light blue shading represents its “normal” trading range — one standard deviation above and below the 50-DMA. Moves into or above the red zone are considered overbought, while moves into or below the green zone are considered oversold.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-sector-trading-range-charts-2/
