The market has been conditioned to expect a green Monday. There are actually traders who believe that funds decide to sell ahead of the weekend and buy back on Monday regardless of price. Maybe the most brain-dead funds operate that way, but in any case, most expect a green Monday. The current technical setup doesn't support a positive Monday, at least for the first half of the day. I see it actually more likely that we go down on Monday to form the bottom of this selloff.
We still haven't filled the gaps from the past 2 days, so we are oversold. There isn't much to do yet, I am a buyer if we can get a selloff on Monday.
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