Yep. GFC we'd see sharp 1-2 day rallies, followed by resumption of the downtrend. Just a way to work off a bit of the oversold condition. That was a severe bear though and not all will be the same. Just feels like the falls so far have been very measured, no really big days down. Would expect to see us go below recent SPX lows in the days, if not weeks ahead.
Short Term Trading New Year: 27 Dec - 1 Jan, page-13
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