What would be helpful is knowing what defines "oversold" and "fresh upside momentum" but I get that you might not want to share all of your secrets. Thanks and good luck
Imho, if market doesn't get bought here at 16/17, then the HOD is in and we are in trend day down. EDIT: Then again, a double bottom rally off the 2009/12 would not surprise either - it has been that kind of market lately.