Close to Oversold

By | February 10, 2016

Twitter sentiment for the S&P 500 Index (SPX) isn’t quite oversold yet. It’s getting close though. It appears to me that we need one more dip in price that carries 7 day momentum below -20 before we get a good counter trend bounce. You can view an interactive daily chart here. Scroll over the lines on the interactive chart to see the daily values.


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