This data in the past gave signals before major phases of market tops and bottoms. In most cases, correction in the S&P 500 index has ended when the indicator touches -20. It flashed an extreme reading of -27 on October 21, 2022. Since then, the S&P500 has gained 6.5%, while the Dow Jones index surged nearly 9%.
Dollar flat near one-week high as investors await Warsh’s Jackson Hole debut
The euro and sterling were subdued near one-week lows against the greenback, last at $1.1652 and $1.3597, respectively, though both remained on track for a
August 28, 2026