50 Day Rejection
Strong rejection from the 50 Day MA. Very bearish sign. However, Shorts are still way higher than Longs, so I can't see the market allowing us to drop with out squeezing some more out of Shorts. Whether we have enough fuel for a decent rally is anyone's guess. Personally I would be staying away from going Long, and wait for a decent opportunity to go short if we decide to have a small rally up.
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