### Comment:
It would bounce some because of being oversold.

### REPLY:
Look for more than 1 signal if you want make sure its good deal. Like oversold, divergance, fib level, volume cluster or vertical validation.  
  
 Just beingh oversold means nothing if you are in trend, since its normal beingh oversold in bear trend and overbough on bull. Only way to profit from it is buy short term calls on oversold.  
  
 I would look into 90 or even 83 where 61.8% retrace sits, is where you can have big dead cat bounce

### END.