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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Dow Jones Industrial Average 
$36,204.44  $41.06  0.11%  
NASDAQ Composite 
$14,185.49  $119.54  0.84%  
S&P 500 
$4,569.78  $24.85  0.54%  
Russell 2000 
$1,882.02  $19.37  1.04%  
CBOE Volatility Index 
$13.08  $0.45  3.56%  
Total
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