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According to Bespoke, yesterday July 16, 2034 the Russell 2000 closed 4.4 std deviations above its 50day ma. No other major US index (Dow since 1900, S&P 500 since 1928, and Nasdaq since 1971)has ever closed at that much of an extreme. https://t.co/gJwXJkaQbs
The Russell Index $IWM closed nearly 4.5 standard deviations above its 50 day moving average. This hasnt happened in a major stock average in over fifty years... @realmoney @dougkass @tomkeene @business @ferrotv @convertbond @carlquintanilla @guyadami @cnbcfastmoney @halftime… https://t.co/N1xOe4lfYC
$IWM daily B.Bands ⬆️ A rare close above 3STD 😲 https://t.co/pxIXC5wQqS
The Russell 2000 Index ($IWM) achieved a historic milestone by closing 4.4 standard deviations above its 50-day moving average on July 16, 2024. This unprecedented event marks the first time any major US index, including the Dow Jones Industrial Average, S&P 500, and Nasdaq, has closed at such an extreme level. Intraday, the Russell 2000 was closer to 3.88 standard deviations above its 50-day moving average, which would have been a record overbought reading for the index. According to Bespoke, the Russell 2000 closed nearly 4.5 standard deviations above its 50-day moving average, a rare occurrence in over fifty years.