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Extreme Oversold Reading - S&P500 Dow Industrial & Nasdaq Composite

Kristin Alonzo

26-Mar-2018 09:13 AM

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The stock market plunged nearly 2% last Friday, pushing index in EXTREME oversold condition if you have been following our daily update in moving average, it was published herein Friday morning,  https://www.tradersfish.com/blog/back-to-oversold-levels--spy-spx-dia-iyt-qqq

How did we arrive at EXTREME  oversold condition?  Our unique mathematical strategy has established at >5% difference gap in daily moving average, is an EXTREME level, this was at the level back in February correction as well.  https://www.tradersfish.com/blog/the-look-after-benchmark-carnage--spx-compq-dowjonesiyt

Stock market correction is a process of lower highs/ low, as long as the market is threading below 50day moving average stay cautious.  The S&P 500, Dow Industrials& Nasdaq Composite have lost its glamour.  At the time of this writing, the S&P500 is poised to an opening gap of +1.5%

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