Fear-and-greed index (0-100) is currently at: 10

https://money.cnn.com/data/fear-and-greed/

The daily sentiment index on the S&P and Nasdaq was 8 and 9% yesterday. So by that measure the markets are short term oversold. Markets do crash from oversold levels though.

I’m split on what happens short term. It could rally strongly but the long term technical condition of the market is still extremely bearish.

One week ago, December Fed rate hike odds:80%. Today: 70%

https://www.investing.com/central-banks/fed-rate-monitor

h/t mark000