Today's Point of Control is below yesterday's. Today's close is below today's Point of Control, which is now resistance.
The $TICK Moving Average on the 15-minute chart is confirming the bearishness.
Going into the close of the energy and bond markets, yesterday's day session low acted as resistance, where we started to see a downtrend in the $TICK moving averages. This led to a break in the recent pivot lows.
Charles
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