Why S&P 500 Signaled Overbought Yesterday

10/19/17 08:30AM EDT

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look. 

Why S&P 500 Signaled Overbought Yesterday - 10.19.17 EL Chart

Total US Equity volume was DOWN -17% day-over-day yesterday (-12% vs. 1-month avg). Embedded in my #process are some simple guideline (or rules), like this one. If PRICE is #overbought on #decelerating VOLUME = easier SELL signal to act on.

Why S&P 500 Signaled Overbought Yesterday - early look

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