Only one new live chart today but it’s a classic technical indicator - the S&P 500 Relative Strength Index:
Generally, oversold is anything below 30 and overbought is anything above 70. While the market hasn’t crossed 70 in a little while, it’s been hovering near there for quite some time. It’ll be interesting to see how the recent market dip develops from this technical perspective given we are nowhere near oversold as of yet after a long stretch near overbought levels.
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