Sorry for no post yesterday...still swamped with work...
We continue to see selling pressure, and it was interesting to see the market bounce right off the lip of my buy zone. I don't see any divergence on the hourly chart, and the daily chart RSI is sitting right in the middle. We've retraced a mere 23.6%. If this is market is strong, then we may not see much more downside action. But the way it closed gives me a feeling that we could get another gap down tomorrow but see a solid down day.
Let's keep watching...
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