The Unimpressive Momentum in the S&P 500

The video discusses the S&P 500's recent performance, highlighting its first down day in nine sessions. It examines the historical range between 2600 and 2800, noting past instances when the index exceeded this range. The RSI momentum indicator's role in these movements is analyzed, showing overbought conditions leading to volatility. The current market position is reviewed, with the S&P 500 again above the range, suggesting potential for a pullback.

What was the range of the S&P 500 over the last year?

• Between 2500 and 2700

• Between 2600 and 2800

• Between 2800 and 3000

• Between 2700 and 2900

What happened to the S&P 500 in January of last year?

• It pierced above its range

• It stayed within its range

• It reached an all-time low

• It dropped below its range

What does the RSI momentum indicator suggest when it is overbought?

• The market is unpredictable

• The market is stable

• The market is overvalued

• The market is undervalued

What is the current status of the S&P 500 according to the video?

• It is at an all-time low

• It is above its range

• It is within its range

• It is below its range

What might the current RSI suggest about the S&P 500's future?

• A significant increase

• A new all-time high

• A potential pullback

• No change