Anyone ever take notice that when a market is down a couple of days in a row by 1 or 2 % nearly all the talking heads and articles suggest markets are over sold, but when markets rally for weeks, months and years they are never overbought ......its only after the fact that after a sell off that all the fund managers say yea markets were overbought and due for a correction until then they will never say a market is overbought but super quick to scream they are oversold in as little as a few hrs of a minor pullback.
There’s no such thing as overbought or oversold — that’s just noise. The stock market is a roller coaster: the market is the tracks, and we’re just strapped in for the ride.