The chart below shows a six-month chart of the S&P 500 (SPX). Buying appetite was pushing indexes up, but there was not a lot of positive news on the Street on Tuesday. Consumer confidence was its worst in decades. But this market is just simply oversold and bargain hunters were choosing Tuesday for picking up undervalued stock. In the chart you can see an interesting pattern in the S&P - very strong bullish divergence with Relative Strength Index [RSI]. A similar picture can be seen with either the Dow or Nasdaq.
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