After failing to retest last Monday’s lows, the S&P 500 rebounded to close just below the 200 days moving average. Breadth improved slightly (2787 stocks up, 1546 down on the NYSE). The list of new lows continued to expand on both the Nasdaq and the NYSE. Options traders are still fairly active on the hedging side as measured by put/call ratios. Our model, by many measures, is oversold although many indicators have not reached deep extremes.

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))