Markets managed to retrace the bullishness the past few trading sessions. We do have a 60min oversold condition for the SPX and we can assume its the same for most indexes as well. So we will be looking for a more push up since the daily charts stochastics is still in overbought. Note that we have made a cross down on the SPX daily Stoch. and can continue lower. Therefore do not attempt to play any long side just yet.
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