Market Pulse on November 20th

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 3557,47 -24,33.

The stock market closed slightly lower, pursuing its consolidation process after the latest swift run up. Most of our indicators, daily and weekly sentiment, put/call ratios, internal momentum and models based on prices, are still very overbought and need some more backing and filling action, for eventually resuming the uptrend.

Very short term oscillator Negative -
Short term oscillator Negative -
RVI trend Positive +
Trend short term (5 days) Up
Trend mid term (8 days) Up
Differential of trends Up
Risk profile 72 (scale of 1 (low risk) to 100 (high risk))

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