Zeev's Turnips Patch-No Politics (ZEEV)

[Justa Werkenstiff]

I see a bullish imperfect harami cross on the Nasdaq daily. I also see a bullish homing pigeon on the NDX daily.

Also, I see ten day trin readings on the Nasdaq and NYSE (more so at 1.557) which represent an oversold conditon indicative of AT least a bounce and today's bounce did not seem to be enough in my mind, although the complacency in the Vix and Vxn do not provide for much upside.

So best case for the scenario you outlined would be for one more day or so of bounce to work off the oversold reading followed by a resumption of the decline.