We are going thru a mild rebound here but due to lack of volume, lack of panic and lack of rise in VIX, it is troubling us here.
Stay defensive. The flush is not over yet, in our opinion.
Posted by Hamzei Analytics, LLC at 5:03 PM
Volatility has increased in line with our projections. We are currently extremely oversold. We should see another bounce this week. Whether it is a dead cat bounce or not we do not know at this point.
In our opinion, this was not a complete FLUSH of the weak longs.
Posted by Hamzei Analytics, LLC at 9:52 PM