jrintl: My intra day models are mixed, I like it best when they all line up. For now my shorter-term models have dropped into the over sold range, the medium-term model is heading there. However, my two longer-term intraday models are still in the over bought range.
I interpret this as more down is to come, but we may see a stall (pause) or even an intra day rally in here (some of which we've been seeing for the last 20-30 min), before resuming the retrace.
Trade what's in front of you, just my take for now!
Regards,
LG
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