Long
US100 Oversold!
The US100 just went oversold, yes i do think it could drop lower, but it is more likely to go higher before it drops lower, mby back to 14900. This should not be a big trade, as we are probably already in a bear market and it is best to short.The fact that its not being bought up right away after a 700 point drop just means its likely to keep dropping, but it is also likely that many thought the bottom was 15000 and took high risk leveraged Long trades that got liquidated and pushed the US100 down hard and thats why i think a bounce up before dropping further down is somewhat likely, but also keep your risk to a minimum.
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