S&P 500 Overbought / Oversold Spread: Still Room to Move

by: TickerSense

Based on the number of S&P 500 stocks that are now overbought versus the number that are oversold, the overall index has moved into overbought territory. From the historical chart below of the overbought/oversold spread, we have a little more room to run before we hit extremes, however.


overbough/sold spread

For a related article, see S&P 500 Extremes: Top Win/Loss Streaks and Overbought/Oversold Stocks.