Yesterday I made it quite clear that I was personally bearish even though sellers objectively have significant amounts of work to do before anything truly bearish can happen. I said I would only be looking for shorts until we got a meaningful sell-off.
The continuation short set up overnight as price remained trapped below our 94 level (weekly 92-96). The overnight high was a quick wick to 96 that was quickly stuffed below 94 and the sell was on.
We knew to be mostly covered by 45.5 and got one last level before reversing higher into the close. Was that it for the sell-off? Was it enough for me to take off the bear suit? Tomorrow should give us the answer to that.
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