The Last Time The Market Was This Overbought, This Happened

Jon Alternative Media, Blogosphere, Technical Analysis

The last 3 weeks have been a near unprecedented rip higher in stocks… as markets anticipated G-20 cooperative actions (and then BoJ and ECB follow-through) creating a vicious short-squeeze bounce..

This has sent The McClellan Oscillator to its most overbought since January 2009…

This post was published at Zero Hedge on 03/04/2016.