S&P 500 Still Two Standard Deviations Below 50-DMA

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 |  Includes: IVV, SPY
by: TickerSense

Even though the market rallied 11% yesterday, the S&P 500 is still oversold!  As shown below the index remains more than two standard deviations below its 50-day moving average.

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Sp_500_still_oversold