Recent strength in stocks early in the week seems to be a false rally as markets sell off on Thursday. Looking to see a test of the low of the larger range. Momentum should continue and be in profit or at least near entry after tomorrow otherwise will look to close if market is still choppy and there is weak followthough. This volatility today could be the first sign of the next impulsive leg down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.