Oversold….Pessimism….Reversal On The 60-Minute Charts….

Negativity is building as sentiment is starting to sour all over again. Who can blame them. After a very hard fall over five and a half days, the market got extremely oversold a few times and formed positive divergences on the short-term charts. Those divergences in combination with being oversold kicked in today. A massive gap up that took out the last gap down a few days back left an island reversal stick on the 60-Minute Charts. Solid action. The daily charts started to get down there as

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