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Most Expensive Stock Market In 20 Years
S&P 500 Index
Short
Most Expensive Stock Market In 20 Years
By The_Unwind
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Jun 23, 2020
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Jun 23, 2020
Risk is certainly on.. now.
In a very big way
The 2020 stock market as measured by the S+P 500
is now trading at the most expensive valuation,in the last 20 years.
Fact.
Forward PE Multiple Guidance for the S+P 500 is now at 22.18 Earnings.
Using this "overvaluation" historic metric,also note today
a new potential technical warning signal, given on the close today.
S+P 500 today has formed a "TRIPLE TOP
"a"potential "High Risk" Technical Reversal Pattern"in the making.
See the 11th Edition of"Technical Analysis of Stock Market Trends",
by Edwards/ Magee, for guidance/ explantation.
Note :
This potential reversal signal,has a been strongly reinforced
by the DAILY POINT and FIGURE RESISTANCE\ LEVEL, also at SPX 3155 !
THE_UNWIND
6/23/20
NEW YORK
Chart Patterns
Technical Indicators
Trend Analysis
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