Posted by sbaxman111 on 11th of Dec 2015 at 03:09 pm
By my count this is just the 19th time in 2015 that the
daily RSI-4 for SPX has been below 30% and 20 times for RUT. But,
SPX 20.85% currently is NOT as extreme as 3 previous readings this
year below the 10% line. The 60 min RUT and SPX charts remain quite
oversold on a short-term basis as we near 3:10. Will traders want
to step in here to buy or will they walk away from any exposure for
the weekend?
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SPX daily RSI-4
SPX comments
Posted by sbaxman111 on 11th of Dec 2015 at 03:09 pm
By my count this is just the 19th time in 2015 that the daily RSI-4 for SPX has been below 30% and 20 times for RUT. But, SPX 20.85% currently is NOT as extreme as 3 previous readings this year below the 10% line. The 60 min RUT and SPX charts remain quite oversold on a short-term basis as we near 3:10. Will traders want to step in here to buy or will they walk away from any exposure for the weekend?