US Market Overview 16th Aug – Turnaround Tuesday

stock market overview

The major indices are overbought levels on the RSI indicator.

SPY, QQQ, DIA, IWM all 4 major indices are 70 RSI level.

2 & 4 hour charts of the same indices ETFs are again flashing overbought sign.

Is it going to be Turnaround Tuesday ? May be possible bell.. Just be cautious that there is still potential for stocks to run higher even further from the current levels. Let’s see what market brings tomorrow!

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