% stocks above 40dma
This is Worden's T2108 indicator. The good news is that it is getting down into extreme territory. The bad news is that this is merely a measure of oversoldness ... and things can always get more oversold.
Just so I can appear clairvoyant if it happens .. the Fed likes to pull free money out of its arse on oversold Friday expiration mornings. I don't think they have any tricks left up there, but they might try something anyway.