Market was very oversold. It will take a lot more to turn the trend up. Stay tuned. Here is the daily RWB chart.
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Bounce likely–put/call ratio= 1.48
With the put/call ratio at 1.48, 1514 new lows and a T2108 at 8, a bounce is very likely from these oversold levels. In addition, the daily 10.4 stochastics for the QQQ is at 10.