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)) |