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

Kristin Alonzo

26-Mar-2018 09:13 AM



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,

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.

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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