Biggest 2 Week Decline In S&P 500 Momentum Gauge Since 1928 (Let The Good Times Sour?)

Oh, how quickly the good times soured. The S&P 500 Index’s 14-day relative strength index — a technical gauge of the magnitude and speed of price movements — has declined over 57 points in the past two weeks. That’s the largest momentum swing in history by far (since 1928).

MOMENTUM SWING

The S&P 500 is back to November levels and VIX is rising again.

vixsp500

Let the good times roll … until my replacement raises interest rates and unwinds.

yellencasino

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