Down But Not Out!
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A down day for the markets and the bears wake up.
The daily bar shows clearly a truly symmetrical uptrend intact.
Do not get carried away with today's action until we see a clear violation of the uptrend line.
A close below will confirm the trend change and to justify adding shorts.
This is a pivitol time...we could have the mother lode about to break or a resumption of the bull market.
Patience is key.
A down day for the markets and the bears wake up.
The daily bar shows clearly a truly symmetrical uptrend intact.
Do not get carried away with today's action until we see a clear violation of the uptrend line.
A close below will confirm the trend change and to justify adding shorts.
This is a pivitol time...we could have the mother lode about to break or a resumption of the bull market.
Patience is key.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.