Twitter Sentiment for S&P 500 Overbought

By | February 23, 2015

7 Day momentum for the S&P 500 Index (SPX) computed from Twitter is moving into overbought territory. The recent readings are at levels that the market has at least paused in the past. As a result, there is a good chance we’ll see some sideways or choppy action before the market can move significantly higher.

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