Im bearish, but so oversold it should retrace some of the losses

Can still re-test the lows or go even lower, but retracement to ~440 +/- 20 is likely at some point

Commento:

420 +/- 10 rather.

Trade chiuso: obiettivo raggiunto:

415 hit (420 +/-10)

there is a notable descending trendline (resistance) connecting the highs of 460 , 450, 430 and now 420 so the more likely scenario is downwards from here even if we reach 420 first after some up/down wiggle in the range of 400 - 420.