With the put/call ratio at 1.48, 1514 new lows and a T2108 at 8, a bounce is very likely from these oversold levels. In addition, the daily 10.4 stochastics for the QQQ is at 10.
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T2108 under 10 again–very oversold
This weekly chart shows how rarely T2108 is below 10%. It represents a very oversold condition.
$KL looks golden
KL hit an all-time high on Tuesday and has a terrific weekly RWB pattern. KL has tripled since having a green line break-out (GLB) in June 2017. This chart shows a recent break-out from a 3 month base.
