Only 2% of the stocks in the S&P 500 are above their 50-day moving average.

Only 2% of the stocks in the S&P 500 are above their 50-day moving average.

This is near historically washed out levels, only topped by March 2020 and October 2008. pic.twitter.com/Rkwo0qNWhr

— Ryan Detrick, CMT (@RyanDetrick) June 17, 2022