T2108 measures the percentage of NYSE stocks closing above their 40 day simple moving average. It acts like a pendulum of market sentiment. Hugely oversold is when T2108 reaches single digits. T2108 is available in Worden software.
Stock Market Technical Indicators & Analysis
T2108 measures the percentage of NYSE stocks closing above their 40 day simple moving average. It acts like a pendulum of market sentiment. Hugely oversold is when T2108 reaches single digits. T2108 is available in Worden software.