Good Question.
It depends on timing and SMA directions and momentum, market conditions.
That said it's a ratio of price oversold from the 50 sma on a 10 day chart where I make the decision to buy the oversold drop. Takes experience to judge the situation.
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Replying to @MasterBJones and @traderbjones
When in your “system” you say “oversold” (sp500) how do you determine that oversold value/moment in th chart @TraderBJones