S&P 500 – over 200-day moving average

The S&P 500 index is trading at the highest level over its 200-day moving average since 2000. Various technicals for the S&P 500 are extended, begging the question on how long the rally can last. An overbought condition has been relatively clear since the beginning of the year.

That said, the clearance of trade risks and a better-than expected Q4 earnings season (just started) could keep the index in an extended position for some time.