SPXA150R S&P 500 Percent of Stocks Above 150-Day MA Daily Chart Signals Significant Market Top

The SPXA150R hits 86, uber bullish levels, and wants to sneak out a bit more upside. These are highly elevated readings where the stock market cannot sustain a level of joy this great for very long. The chart shows that the stock market can be comfortably shorted from 84 and higher. If SPXA150R moves above 90, it is a pure gift to make money on the short side since there is no other direction for markets to go except down. The chart indicates that short positions can be scaled into starting last Friday and moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added 8:20 AM on 6/11/14: The SPXA150R is 85.60 off the high by a touch. Same analysis holds; markets can be shorted here and higher especially if the SPXA150R moves above 90.