$SPX is 40% above its 200 week MA. Did that happen in the past other than 2021? Yes. In 1987 and 1997 it peaked at 60% above the 200 week MA and in 1998 it reached 65% above the 200 week MA. In 1999 the bubble was concentrated in tech and SPX wasn't extended as it was in 1997/98.

SPX0.53%
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