Today’s Market Outlook:

With below-average trading volume and range, the S&P 500® fell nearly eight points. The intermediate line out of the upper-reversal zone but remains in bullish territory. Short-term sentiment spent a second straight session at strongly oversold levels. Long-term Market Sentiment continues to climb towards the chart’s midpoint. All the major indexes are showing similar patterns on their respective Market Forecast with varying degrees of oversold short-term and long-term sentiment.