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Find a bid in oversold territory

EQUITIES
  • Buying going through in Equities, into the cash open
  • Most of the bounces in Equities were mostly led by Technical and many investors looking at indices trading through oversold territory.
  • There are still plenty of arguments and a tug or war among trading desk, with some seeing some of the sell off as overdone, while others argue for further downside risk.
  • Resistance in Nasdaq moves down to 15,691.69
  • VGH2 immediate resistance comes at 4,279.50

Chart source: Bloomberg

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