The squeezing and oversold momentum readings suggest the markdown is losing steam and "stopping action" may be occurring. We could be witnessing the area where a Selling Climax or preliminary support forms. I'm not looking for a new all-time high, but a trip to test resistance seems likely.
Trade active
wishing for a solid close above $1000 this Friday 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.