1) Nice institutional selling all morning exampled today.
2) Last hours of the session featured balanced action that indicates selling dried up and/or longer time frame buyers making a stand. This is always a cue to watch out for potential reversals, but many B formations can print before the ultimate reversal.
3) The daily is now in a classic reversal zone where programs can step in at any time and gun it higher. But the monthly if firmly negative and could propel price much lower.
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