Hold long short term still bouncing. Remember I like to buy (or sell) when this challenges a recent low (high) and stops above (below) it - not during the first low (high). Oversold (overbought) conditions can persist for longer than one can remain comfortable.
Hold short medium term continues to rally.
This is interesting. As you can see, it is still substantially above recent lows.
The NYSI doesn't exhibit the same behavior, but it is similar.
To summarize, I wouldn't be buying ... yet. I wouldn't be continuing to open new short sales either. I know that is fence sitting, and boring, but it is safe.