A mechanical 9:00PT LOD today . Mechanical lows are to be respected, and sure enough, "no more selling" and a B formation ensued today.
Major support on the daily also at this juncture.
We are long the overnight as a result of this structure.
We do think it quite possible for selling to occur again tomorrow. But we must respect the lack of sellers to get the job done today. And will go with buyers tomorrow if they materialize.
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