Bulls Must Try Harder: Market Most Oversold Since March 2020

Open charts in a new window for the largest view. First up is a chart I saw on social media: most oversold since March 2020. The second chart goes back to 2000 to include all the major corrections and the bear markets. Spoiler: BPISPX has gone lower in all the major corrections and went way lower, with multiple low readings, during the bear markets.

Absense of evidence is not evidence of absense, but I find it telling that I keep seeing cherry-picked sentiment charts from bulls.