spx getting to oversold (SPXL)
we are in technical conditions of a selloff and risk averse activity is driving the market. defensive sectors are even doing poorly. there is no reason to think price action will turn around here, vut the price doesnt go anywhere in a straight line. at least one last trip up to mid or upper 95s is a valid target.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.