The S&P 500 is currently trading at 25% above its 200-day moving average, and the RSI index is at a level of 83.4 points or far out of overpriced territory.The premium above the 200-day average is close to that of 2007.
Therefore, according to some analysts, the market is currently extremely volatile on news that could lead to sales.
Experts who forecast a potential downward correction in the short run are becoming more and more.
Whether it will continue the rally next year will depend mainly on banks, energy and healthcare companies.
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