Seems oversold enough

looks about right to cover shorts here at 1278 and time to buy for a quick bounce, this might last a mere week or two but the market sell off from the last 6 sessions has given us valuations which are cheap enough to be bought.
look for energy, mining and banking equities to do well

buy em for a bounce

be prepared to sell the rally after it comes to the 1320 to 1330 area




chart by bespoke from a couple days ago, i dont have the updated version


saw this posted by AdamG from SMB, its a great visual of the market after being down 5 days in a row