Weekend Video and Chartbook – QQQ Leads Lower, SPY and Oversold Conditions, Turn of the Month, Selling Climax in TLT (Premium)
Stocks corrected over the last two weeks with QQQ leading the way. IWM held up the best and RSI moved into the oversold zone for SPY. Today we will look at previous instances when RSI became oversold for SPY. Some indicators are pointing to a multi-week correction (NDX %Above 50-day), but we also have the turn of the month upon