Treggs
SPI premium/discount over XJO is middle indicator (yellow histogram).
Ignore last 2 bars as the second last was just the Sycom close and the last is the same number for Monday.
I would call the reading fairly normal but certainly not overly pessimistic still.
The market staying down into month end is helpful for the weekly and monthly momentum readings as it gets those more into oversold. Bounces at month end tend to prolong things.![]()
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