TraderFeed: Are We Significantly Oversold In The Stock Market?

Above is a useful short-term measure of whether we are trading in an “overbought” versus “oversold” mode in the U.S. stock market. The blue line is the cash SPX; the red line is a five-day moving average of the following:(5-day new highs minus 5-day new lows) + (20-day new highs minus 20-day new lows) + (100-day new highs minus 100-day […]