Market rallied impulsively today. Much stronger than we had been expecting, but so far we have a possible ABC up that is consistent with a corrective wave. We will see soon enough if our labels are correct. As we stand we have a one day 60min overbought move that is quite quick. We are expecting a move down soon and we should prepare for the worst this time around if not at least be ready for a move down regardless of how severe or how small it is.
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