S&P 500 4391,6 -0,90.
Over the last ten days, the stock market drifted lower although selling pressure wasn’t heavy. Some of our indicators have entered the oversold zone which may indicate that some bounce back may occur during the next few days. Sentiment indicators are depressed, especially the bull to bear ratio among private investors that stands at 31%, which historically points out to a short-term bottom. We’ll come back more in depths on the risk level of the market over the next few days.
Very short term oscillator | Negative - |
Short term oscillator | Negative - |
RVI trend | Negative - |
Trend short term (5 days) |
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Trend mid term (8 days) |
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Differential of trends |
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Risk profile | Under review (scale of 1 (low risk) to 100 (high risk)) |