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.
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.
