What I learned today was it’s hard tell how oversold a markets needs to be to be at extreme levels oversold. Sometimes it needs to be at the max 150-190 s&zoom points below the 50 sma on the system before it bounces.
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Also leaned that just because the shorts made a fortune it’s not a sure thing that they will cover before the weekend,
In this case they felt confident staying short and held that position.
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