I just have a minute, will try and give more detail later. Tonight's Elliott Wave shows NDX and SPX bouncing off lower trendlines in place from Aug lows. Most likely any near term bounce will be completely retraced.
That and the declining 20 EMA makes me believe any bounce is a relief of oversold condition which never got to extreme oversold.
I will try and post some paremeters tomorrow, a sort of guidpost, but you can use the 20 EMA of any index to see if it offers any resistance.
D
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