That was the biggest short term oversold market many newbies have seen.
Hence the bounce off lows.
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I’m staying in cash, i’m not experienced enough for this! Hahaha
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Starting to return to oversold levels again...tough to trade this...up then down. ugh!
I am only observing to learn this morning, not buying right now, at least morning I found the 3 minute chart constructive as a learning tool for short term but as I said, just watching to be prepared another chance comes.
Pretty weak bounce so far, wouldn’t you say? Especially for how extremely over sold it was and spy putting a new low in for the year near that 4100.
Makes me feel like this is a short the rally situation and the bottom is not in
We haven’t even seen rate hikes yet
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Agree with weakness in bounce. Not sure about bottom yet. Only watching now. Too much risk either way for my liking.
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