Market is still in a short term downtrend and the system says stay in cash/short and only go in for oversold bounces.
Which doesn't always work because oversold is relative.
I thought Oversold at down 60 was a good entry on Monday and it went even lower before it bounced.
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Europe is looking like it's going into a shutdown again, that means usa soon follows. With no stimulus and businesses barley hanging on ,
ontop of an election that doesn't divires america , it looks really grim no matter who wins, it's really scary..IMO
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We will be opening near the 100 day.
The 200 day is much lower. Oversold will only matter for intermittent 20 pt bounces. The virus is controlling market now. Europe going into lockdowns. Any rally will be sold. Need vaccine or drug news.