This is a very worrying pattern in the stock market and indicative of a bear market rally. Still accumulating shorts here as we come across strong supply at the 2800-3000 area. Big money is going to be taking profits here in anticipation of a major fall.
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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.