Overbought in short term, but I think everyone with a brain figured that out.
Likely oversold in the long term. Not much data here - seems we are flattening out.
There is a positive divergence (although there was a negative divergence in the bottom) from the previous (most recent) "peak" in the McClellan Summation Index. Please note that TSV in the shortest term is getting quite high, but doesn't appear to have topped yet. TSV actually has nothing to do with this as its a volume indicator, but it does seem to give a "timing" aspect to these cycles.