The TSX-Venture Composite is insanely oversold right now. In fact, this is the most oversold the index has been in nearly three years (October 2011):

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CDNX_Daily_9.23.2014

Down 7 days in a row with a daily RSI-14 of 16.80 - the TSX-V is arguably the most oversold it has been since October 2011 when the eurozone sovereign debt crisis was in full throttle:

CDNX_3-year

While the overall technical picture for the TSX-V doesn't look great, the odds of some short term upside over the coming days is quite high.