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Monday's Update

Monday, November 24th. - Stock Trends, Charts, and Commentary 
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87% of the S&P 500 had a Positive RSI Level last Friday?

Food for though:  It's amazing ... 87% of the S&P 500 had a 30 day Relative Strength level above 50 last Friday. (Above 50 on a Standard RSI is positive.)

This is occurring just when the NYA Index is very close to having a triple top test.   A test that tries to break above the previous double top resistance level.  

You have to wonder just how 87 out of every 100 of the S&P companies can be showing a positive RSI level in this economy?

Below is the chart showing the levels during the past 241 trading days.  Question: Based on the past 241 days, how much further do you think the S&P can go now?

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