NYDEC maximum is 3073 so we're at 94.8% of stocks on the list that have declined today.
It may be crash territory but it can also signal reversal next day.
NYDEC maximum is 3073 so we're at 94.8% of stocks on the list that have declined today.
It may be crash territory but it can also signal reversal next day.
All depends on how many stocks are trading today
Advancing = 161
Declining = 2957
Unchanged = 44
TOTAL is 3162 stocks trading today on the NYSE
Agree yr comment re reversal……….
thanks
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
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BullBear52x wrote:Bulls or Bears, either side counter trend is no easy entry. well still way oversold however I look at it. dead cat bounce that's all I am asking for.
Careful if they embed the oversoldness signal then next Major support area is 1575-1578, which is the 100DMA
ES Update, both ES and SPY are at Extreme Oversold signals on hourly now. Price no reversal yet still. Major support 1575-1578, patience pays well.
ES: first time below weekly MA13 this year, on daily we have a cross 13/34 first time since mid october 2012 FWIW
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My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)