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Adam Khoo highlights that the Williams % R (13) indicator has fallen below -80, signaling what could be a potential bottom for the S&P 500 amid the current correction.
Khoo emphasizes that this is not necessarily the definitive bottom, but rather a possible inflection point. He also clarifies that the Williams % R (52) indicator is applied only in specific scenarios.
Khoo's observations on technical indicators come amid broader concerns about market volatility and macroeconomic headwinds. His perspectives align with his prior analysis of how an oil price surge alongside a U.S. economic slowdown may signal stagflation risk, highlighting the importance of monitoring key financial metrics as investors navigate shifting market dynamics.