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S&P 500
4,982.52
(
-0.57%
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US TECH 100
16,693.60
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-1.43%
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Dow Jones
37,979.68
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0.54%
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Brent Oil
87.14
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0.83%
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TREND1

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Re: None

Thursday, 12/20/2018 7:05:52 PM

Thursday, December 20, 2018 7:05:52 PM

Post# of 227
12/20 The Chartist overbought/oversold indicator closed today at -7.09 which is the greatest oversold reading since August 22, 2011. The one thing missing for some type of effective bottom is the lack of panic selling.



The S&P 500 has fallen 11.6% in the last 12 trading sessions. But the VIX is only up to 28.30. It hit 30.30 intraday.

In comparison, the S&P fell 10% over eight trading sessions last February with the VIX hitting 50.30 intraday. We think it’s going to take a similar reading that vicinity of to reach some type of effective bottom. We’re close, very close.

All my posts are just my opinions. I receive no compensation for
posts. These posts are for entertainment purposes only. I may be
long or short or hold no position.

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