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Over done and ready for a bounce
NYSE Advances - Declines
(
INDEX:NSHF
)
OffTheFloorTrader
INDEX:NSHF
NYSE Advances - Declines
dead-cat-bounce
indexes
emini
nasdaq
russell2000
nyse
1
0
dead-cat-bounce
indexes
emini
nasdaq
russell2000
nyse
We are over sold on the current down move. If you are short, it may be a good idea to tighten stops or cover positions. We are looking for for a short term bounce in the Indexes over the next two trading days...but only a short one.
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Watch Zone
OffTheFloorTrader
about
ESH2016
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