$SPX – S&P500 – CCI Showing a Top Approaching

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First, thanks to Selecto at Trader Talk, for the chart used in this post.

For those not familiar with the Commodity Channel Index (CCI) – read this

Selecto has been tracking $SPX with the CCI in this chart and it has been extremely accurate since May.

Another overbought hasn’t triggered yet, but it looks like it’s getting close

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