Conditions are clearly short term oversold: 8 overbought, 182 oversold. This implies a short term bounce (up) for the markets.
Here is the updated list of most overbought and oversold companies in the S&P500.
Overbought:
There are 8 companies with RSI7 over 70.
Oversold:
There are 182 companies with RSI7 under 30.
(please click to enlarge)
Oversold:
There are 182 companies with RSI7 under 30.
(please click to enlarge)
Finally, here are the RSI7s of the ETFs and indices we follow:
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