26 Aug Stock Market Technical Indicators – 26 August 2015
My stock market indicators once again indicated stocks were getting sold off, and then they bounced.
Long term is starting to get oversold – only judging by levels we’ve seen since this bull market began in 2009. I don’t have data for this going back to 2007-2008 so it’s tough to know what it will look like in a true bear market.
Medium term is oversold.
Short term is oversold and bouncing.
With this violent of a move downward, I wouldn’t expect much stability or easy trading right now. Could be like 2011 with many large up and down days until it all sorts itself out.