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Hey {{ first name | Market Timer }}!
Ten days ago, $NYMO ( 0.0% ) and $NYSI were already signaling trouble before most traders noticed. Both have since reversed into uptrends, with $NYMO bouncing from deeply oversold levels.
The move was sharp: $NYSI collapsed from near 700 to -233, one of the steepest breadth drops in recent memory. The bounce is real, but oversold recoveries happen in bull markets and bear market rallies alike.
What's your read?
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