With VIX – CBOE Market Volatility Index closed it’s 2ND day outside the upper Envelope Channel with RSI2=100, market is some kind of oversold and available for a rebound.
Another indicator of SPX also showed a highly oversold market: SRI9<20.
T2108(% Stocs Above 40 Day Pma)=21.15 which is in oversold territory and in coincident with it’s RSI9<20 which is almost leading to a rebound observed before.
stockmarketwinner 