Daily view SP-500.

                             

Weekly view of SP-500.

Price of gold 1971-1982

30 min. view of SP-500

                Patterns laying the foundation for a move, But Follow Through Is Key.
                                    Observe price action first and foremost, it is telling the tale.

Back in 2008 short sale bans produced a big oversold bounce.

The bounce gave an opportunity to trade long, short-term, and unload trapped long positions.