SPX S&P 500

$SPX $SPY S&P 500 Chart Update, August 31 – Oversold

I still insist the general market is oversold and is due to go up. Here’s a chart showing what happened every time oscillators I use got to these oversold levels. Every time the market was higher. The duration of the upswing varied, but there was an upswing nonetheless.

Warning, it’s not a huge sample (1 year, 3 months) but good enough for my purpose.