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The Oversold U.S. Market Gets Even More Oversold

The author is stupid. MACD is never, ever an oversold/overbought indicator. It is an oscillator. It has no highs, no lows, it can go anywhere. The only times to work the MACD are when it has a crossover, preferably under/over the 0 line, or when it has a divergence with the stock price. THERE IS ABSOLUTELY, UNEQUIVOCALLY, NEVER, EVER ANY TIME WHEN THE MACD INDICATES OVERSOLD OR OVERBOUGHT. That is novice information, and one should be ashamed to publish such a thing on a well known internet forum