technicals have proven heavy selling is leading to countertrend movement. were getting lots of rate of change bullish signals daily indicating a trip toward supertrend, but longs really want to position themselves with momo in the index. daily highs breaking and holding .5 of the bounce would be good signs.
Note
so we only held .618 of the bouncehavent changed the bear trend, and lower high probable
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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.