Both bear and bull counts are in play so unfortunately it can go either way.
One thing I notice is the 60 min chart somehow reminds me of a topping pattern we have seen in the past, which was mistaken for a consolidation pattern only to fail.
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| 5 min |
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| 15 Min |
As I posted near the beginning of the month, we should watch the range and stay nimble. Three touches at the bottom so far. Two at the top. Will there be a third? Not if the bears can help it. We'll see.
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| 60 Min |
