I can't imagine a situation where a bounce is more due than the present time.
Here's the stats for the 50Leaders:
Above 10-Day SMA: 2%
Above 50-Day SMA: 18%
Above 150-Day SMA: 78%.
The 10-day reading is grossly oversold.
The 50-Day reading is oversold.
The 150-Day SMA has come off an overbought level where it's been for weeks - which allows for some wiggle room.
Given the "grossly" on the short-term, and the "over-sold" on the medium-term, and normalisation on the long-term, it looks like a lay-down misere for tomorrow.
I bet its up tomorrow. But - not for too many days in the future.
Cheers
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