RVI Index on S&P 500

Market has been volatile as shown on the chart with the many gaps up and down of late.
This index is another indicator to show overbought and oversold conditions.
The July - August period in 2024 seemed to have the same vol patterns and the indicator pointed to overbought conditions which preceded the downturn for that period of time.



This is not a recommendation to buy or sell securities and only used for informational purposes.