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Yesterday we saw extremely aggressive buying in a massive trend day up. I said in the Discord and the plan that there is risk of these types of days producing a local high as buyers capitulate in but it was on sellers to prove themselves. Today, for once, sellers did just that.
There is no point in trying to call a top as many have errantly done for the last 4 months. Sellers have demonstrated strength for the first time in quite a while by breaking down and negating all of yesterday’s trend day to the upside. They have successfully negated some upside action, but can they now initiate downside continuation?
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