Financial News
Buy or sell this resilient stock market?
August 09, 2023 at 16:17 PM EDT
Mid-week market update: I have been calling for a period of consolidation and pullback and that phase of the market seems to have arrived. As the S&P 500 weakened and the VIX Index spiked above its upper Bollinger Band, indicating a short-term oversold condition, this stock market has been remarkably resilient. The 5-day RSI traced out a positive divergence, and the NYSE net new highs remained positive during this episode.
Does this mean the correction is over? The full post can be found here.
Does this mean the correction is over? The full post can be found here.
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