Market Timing Brief™ for the 07-17-2020 Close: “U.S. Markets Bullish, but Stretched Again. Gold Bull Run Has More Upside. Rates Languish Near Key Lows.”

sp500-index-spx-market-timing-chart-2020-07-17-close

Market timing the SP500 Index (SPY, SPX).

The SP500 Index is now stretched above the prior uptrend (yellow lines).

Market timing the SP500 Index (SPY, SPX). Stretched in an uptrend.

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