Very overextended on the downside, at some point we should visit the 200wma. While the market is falling like a knife the longer term uptrend is still intact. Reaching the 200wma is such oversold conditions should provide a very strong bounce.
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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.