has been very oversold on RSI
as of a late so a bounce was to be expected. It also happened to bounce offf of an old trendline
(pink line) that can be traced back all the way to July. In this bear market we've seen many "dead cat bounces" so far though so best to only ladder in a little at a time with the pink trendline
suppport of 5960 being where you buy in and maybe take profit around 6425. I'm not getting my hopes up that this is going to be the big bounce and instead I expected we could go slightly lower into the 5000s...if so it wqill likely happen reach that target in the next few days unless we can bust through some of our former resistance walls and turn those back into lines of support.