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 
$33,891.02  $34.99  0.10%  
NASDAQ Composite 
$11,887.45  $119.50  1.00%  
S&P 500 
$4,111.08  $25.40  0.61%  
Russell 2000 
$1,957.72  $27.82  1.40%  
CBOE Volatility Index 
$19.65  $1.32  7.20%  
Total
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