One interesting thing to note is that despite the very large bounce recently, the market is still oversold on these measures below. It doesn’t necessarily mean we have to keep going back up right away, but even if we are in a bear market, oversold levels should get relieved at some point. They could get...
Breadth: Any way that you look at it we are very oversold. Three most likely scenarios can happen from that. Either we 1) drop again and immediately bounce big. 2) Bounce from the get go. Or 3) we go sideways as the overbought-ness (not real a word) works itself off. SPX stocks at 20-day highs:...
Breadth: Overall all of these measures are oversold or very close. Thus, another flush lower would definitely bring things to a place where there would likely be a bottom or a good bounce. SPX stocks at 20-day highs: Still staying in oversold territory which it can do for a while, but usually by 2 weeks...
Breadth: On all measures we are or very close to oversold. It can still get worse, but even just a little push lower and a bounce is very likely coming. SPX stocks at 20-day highs: Oversold, but this measure can stay that way for a while. SPX stocks above their 20-day MA: Oversold, but could...
Breadth: All of the typical ones I look at are in no-mans land so nothing to see. SPX short term technical levels: Resistance above 2760: 2775, 2794, 2803, 2816, 2837, 2846, 2857, 2874 Support below 2760: 2754, 2743, 2732, 2724, 2707, 2696, 2684, 2669 Open Interest: There is a good chance much of next week will...
SPY Open Interest – Week 1 2019
Because of some recent changes to my premium services, for a limited time Subscribe to SassyPremium and be grandfathered into an AMAZING DEAL. This deal will never be offered again. Open Interest: If you want more information on how to read the high calls and puts in the open interest see here. SPY-M: Put support […]
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