TheLazyBrother

Good chance for relief rally

SPCFD:SPX   S&P 500 Index
70 views
2
Overlapping waves, high volatility and traces of momentum divergence, plus fairly oversold condition of the stock market - could be a nice opportunity to ride the relief rally. I wouldn't bet on new highs though.
Comment: Yesterday's low held, but so did the high.
Watching the trendline closely.

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