Reopening a small short

Despite massive stimulus, markets so far had trouble following through.
We are now in "the trenches" of various trendlines.

Although markets are heavily oversold on a medium-term basis, I suspect we are seeking a double bottom or are at least correcting the recent advance a bit.

As massive stimulus is lingering in the background, one has to be very careful now with shorting and apply tight risk control.
Technical IndicatorsWave Analysis

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