$SPX well beyond 50% retrace (green arrow) but bottom indicator did not hit overbought yet. Compare to 2018 bottom when $SPX was at 50% retrace (yellow arrow) and indicator already at overbought. $SPY $NDX $QQQ $NQ $ES $IWM $DJI $DJIA #StockMarket. Squeeze can take SPX higher yet https://t.co/e7b37BVuNi