An overbought and volatile combination

  • Jason Goepfert

    Jason Goepfert

    Published: 2020-06-30 at 09:30:00 CDT

By the end of last week, the S&P 500 hit an overbought reading according to the popular stochastic technical indicator. This is unusual because volatility was still high, with the VIX above 30. The combination of a high stochastic and high VIX has preceded gains in stocks over the next 6-12 months.

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