Below is symbol $SPX200MA which tracks the percentage of stocks above their 200-day moving average. As you can plainly see, this thing has been hammering out an enormous topping pattern since December.
![](https://slopeofhope.com/wp-content/uploads/2024/06/slopechart_SPX200MA-640x346.jpg)
Below is symbol $SPX200MA which tracks the percentage of stocks above their 200-day moving average. As you can plainly see, this thing has been hammering out an enormous topping pattern since December.