05 Sep Stock Market Technical Indicators – 5 September 2015
Here are my stock market indicators’ latest readings.
Long term is starting to reach oversold levels. Remember, this is a lagging indicator.
Medium term has bounced from oversold levels which is a positive development. The mainstream stock indexes (Dow, S&P) usually lag this indicator.
Short term is neutral, and quickly falling after reaching overbought levels early in the week.