In recent days, everyone has been closely following the collapse of Bitcoin (TIKER: BTC.EXANTE) (which has begun to recover today). And the fall of the world stock indices went virtually unnoticed.
Menwhile, S&P 500 Index, MSCI Asia Pacific Index, MSCI World Index, Nikkei 225 Index, Stoxx Europe 600 Index and Russell 2000 Index have fallen too fast, according to their 14-day relative strength indexes. Typically, an index with an RSI below 30 is deemed oversold while above 70 is considered overbought.