“The abortion to move aback into overbought or oversold area signals a change in drive that can adumbrate a cogent amount move.”
After the bears bootless to advance drive aback into oversold area in 1998 (blue arrow basal of image), the NASDAQ begin its basement and tacked on 240%. The box in the high larboard duke corned of the angel shows a agnate bearings on the present day account blueprint of the S&P 500, cogent us to accumulate an accessible apperception about bigger than accepted outcomes in the weeks and months ahead.
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