Will there be a rebound?T/A reasons for a rebound: 1. Whenever the RSI (Relative Strength Index) goes below 60, the pps rebounds smartly. Today, the RSI is at 52, the lowest in 5 months. The odds favor a smart rebound. Examples: 1/5, 3/6, 4/10, 4/26 and 5/22. 2. Whenever the pps approaches the 50 DMA lines, the pps also rebounds smartly. Examples: 3/6 (5 pts above the 50 DMA), 3/22 (7 pts), 4/11 (4 pts), 4/27 (4 pts) and 5/18 (6 pts). Today, the pps is 7 pts above the 50 DMA. Well, the pps could close the gap more, but the odds also favor a rebound. 3. Whenever a long red candle appears, a retracement will follow and the pps goes to higher highs. Example: 2/25, 3/21, 3/30, 1/5 and 5/17. Today a long red candle appears, will the pps soars to a higher high? Ubetcha it will. Disclaimer: I am a compulsive gambler with a suicidal complex. I know jack about cloud and e-commerce, but I have all my eggs in this basket. Ref: stockcharts.com