In a word, no. Not even close to being oversold. As the $SPX has teetered around the 1115 area recently it has given the overbought and oversold signals a nice rest. Shorter-term moving averages have corrected over time and frustration levels have risen, until today. The broader index broke the 200 SMA as well as
Are we oversold?
In a word, no. Not even close to being oversold. As the $SPX has teetered around the 1115 area recently it has given the overbought and oversold signals a nice rest. Shorter-term moving averages have corrected over time and frustration levels have risen, until today. The broader index broke the 200 SMA as well as