This is a 5 minute chart of the DJI that illustrates how an oversold condition works off its "too far too fast" bearish sentiment before the next leg down manifests: DJI 5-Minute Note also how IWM is approaching its next Fibonacci reversal zone. Anytime from a few hours to a few days of retracement that then fails and turns lower would be a good re-entry zone for IWM puts: IWM Hourly And finally, UVXY is poised to break-out above $12.80 (a break above mid-channel dotted blue line) on the next market leg lower: UVXY Hourly Everybody's Watching ---> Test of June Lows
