SPX S&P 500 Daily Chart Moving Average Ribbon Shows Price Extended

The SPX is extended above its moving averages typically requiring a mean reversion lower as the red dots show for prior tops over the last few months. The SPX began May at 2086 and the last trading day of the month is Friday, 5/29/15. The expectation is a near-term top at this 2123-2130 level. 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 AM EST on Tuesday morning, 5/19/15: The SPX prints a new all-time record high at 2131.78 and new all-time record closing high at 2129.20 in Monday, 5/18/15, trading. The over extended price action continues.