This is a live chart updating EOD I show the UNChanged and how overbought it gets at highs.
So we are close to a turn down.
Then there are other OB/OS like the RSI vs the SPX and NYA
Friday the rally seemed to peak in late afternoon. This is based on stocks that were much higher and then either closed unch or lower. Was this the overbought mkt peak?
Today added the MACD + some OB/OS areas with guidlines.
Updating my Fib chart and notice the change in date from April 15 to April 21 as I had looked at the wrong date. Thanks Kevin.
You will notice the boxes. The last signal was 144 fibs and we dropped in 9 days 111 SPX points
(2104-1993) If history repeats the mkt should enter that box at some level as a high.
Jerry O
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