Well, we had a breakout... or should I say breakDOWN. But what I find interesting is that the Stoch STILL hasn't breached the 20 level, so we're still not oversold on a daily basis. RSI is only at 38, which is a long way from being oversold. Short term oversold, yes, daily, no.
What we need is a good washout day, to flush all the bulls down the drain, then we can plant some footing and begin anew.
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