Panic Needs to Precede Bottom
Good Morning,
The US markets are now oversold with the ConnorsRSI reading on SPY at 20, and DIA reaching fairly rare air with a reading under 10. There is still very little fear in place in spite of the fact that the majority of days this year have been down. Ideally, I’d like to see some sort of panic before committing to a bottom and that may occur should prices move significantly lower today.
Today’s Potential Opportunities on Further Pullbacks:
Stocks
ETFs