Oversold But Still In A Downtrend
$SPX is in a full-fledged downtrend now, from the highs at 4600. It is nearing support, and there are some very oversold conditions, but “oversold does not mean buy.”
$SPX is in a full-fledged downtrend now, from the highs at 4600. It is nearing support, and there are some very oversold conditions, but “oversold does not mean buy.”