JW to again observe the divergence, I called this on prior posts, see what happens when RSI Falls in face of rising Price?!
Well, fine, hope you enjoyed your bearish gains. You shorted, right? O, still holding longs?
Well you might get a chance to close those out soon.
Notice how oversold it goes, trading at bottom of Bolly Band, under 50MA... might be a good place to close shorts, eh?
Selloff on retail sales report is overdone imo. What a nutty roller-coaster.
Can still go lower ofc; do not bet your farm on any wild notions!