JPMorgan notes that "The S&P 500 has been in overbought terr...

JPMorgan notes that "The S&P 500 has been in overbought territory (defined by a relative strength index above 70) for 10 straight weeks for the first time since late 2017. While this type of run over very strong momentum suggests we could be in for a pullback, previous runs have not been especially bearish. On average, all previous streaks since 1950 of 10 straight weeks being overbought saw the index a further 15% higher a year later."