There is conflicting info for me. The bounce seems probable.......NYMO pace lower is slow but it is only -30. Counter trend bounces are usually found in the -60 to -100 range. 2/28/25
Retail sentiment is in the toilet. This is getting to be a pattern, the index drops a few % and people lose their minds. SPY is down 4.6% from ATHs. 2/28/25
dhd - Admittedly, I've not looked at NYMO. Yesterday's low hit support; It was scary, but I bought last night. It's dropping now and I may be wrong, but above -75 would be an add op. 2/28/25