S&P 500 4356,45 -53,68.
The stock market tried to stabilize in the wide previous day’s range ahead of the Fed meeting and more fresh news from the geopolitical side. The stock market is deeply oversold according to some of our indicators: our ten day oscillator based on daily breadth, our daily sentiment index, our fear/greed index although the model, as itself, hasn’t reached extremes yet. We haven’t observed yet signs of capitulation as meeasured by our buying/selling index, put/call ratios or our capitulation index.
Very short term oscillator | Negative - |
Short term oscillator | Negative - |
RVI trend | Negative - |
Trend short term (5 days) | Down |
Trend mid term (8 days) | Down |
Differential of trends | Down |
Risk profile | 35 (scale of 1 (low risk) to 100 (high risk)) |