
Just over two weeks ago on March 30th, every single key US index ETF that we track in our Trend Analyzer tool was oversold, with all but the Dow 30 ETF in extreme oversold territory.
Fear was permeating and bearish sentiment gauges were rising sharply.

Fast forward to two weeks later.
As shown below, these same index ETFs are now all in overbought territory (with the exception of the Dow 30).

For investors and traders, the action over the last few weeks is a good reminder that markets don’t stay oversold or overbought forever.
If you’re fearful when prices get oversold or ebullient when prices get overbought, try to remind yourself that the script will eventually flip.




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