We have raised the alarm now for a couple of days, yet all they do is grind it higher. Talk about one hell of the end of summer perfect grinder higher!
The simple fact is that a very rude inventory correction is in the cards at some point, yet we are not messing around with fading this grinding higher action until the signals are clear.
We have seen this same story before. It grinds higher and longer/
farther than anyone thinks is really possible.
And on the day that inventory finally dumps, it is the trade of the month.
Here is to a wonderful pre-holiday Friday session tomorrow.
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