S&P 500 3567,79 -41,74.
Prices accelerated to the downside towards the close after New York announced the closure of the schools. Selling pressure wasn’t tense especially on the Nasdaq as measured by our buying/selling index and our capitulation index. Daily and weekly sentiment indicators continue to point out to a high level of optimism among various market participants. As stated yesterday, most of our indicators are still hovering in the very overbought zone and some consolidation/correction process is still needed to work out this situation.
Very short term oscillator | Positive + |
Short term oscillator | Positive + |
RVI trend | Positive + |
Trend short term (5 days) | Up ![]() |
Trend mid term (8 days) | Up ![]() |
Differential of trends | Up ![]() |
Risk profile | 75 (scale of 1 (low risk) to 100 (high risk)) |