Quite amazing daily minor low today -- trade of the day. This sets the stage for buyers to take control.
Nothing that I have seen so far over this year indicates a total market breakdown.
We were wrong in our assessment yesterday that buyers would take control. BUT, selling today was so utterly low confidence right into the daily zone, and a vicious buying ensued at 11:00.
We think higher from here. If not the market could actually be toast.
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