The market experienced more selling today and the bullish set up mentioned yesterday was eliminated. So the correction continues and it has now been almost 2 months since the 2193 high was made. While the general bias is still bullish, the TA turned bearish today and now I am even more cautious about trading on the long side.
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Short Term Trend = Bearish
Medium Term Trend = Bullish
Long Term Trend = Bullish