September 2020 charts

Markets seemed to be at extreme levels as of the end of August, based on a number of metrics, but particularly the RSI, which had previously risen above the 70ish level only one time in June, since the March bottom. Of course we also saw those high RSI levels in Jan 2020 (coincidentally just before the Covid disaster).

Time will tell, but it could be that the post Labor Day rally is the new 'top' in the markets for now. This happened right afer the stock splits of AAPL & TSLA on Sep 1st. On Sep 3rd we saw the first big market drop. If this is in fact the start of a bigger drop, here are some charts of a few popular stocks that have seen big rallies in recent times, and some potential target levels. Target levels can be determined a number of ways, including the 50MA (or other moving average of your choice), and prior breakout/support levels. FAANGs Banks Others 

As this is being written, it is Fed day today, and tonight the market is selling off once again (below).