Close below today's Point of Control is bearish.
The high made just before noon was a 50% correction of the last down wave. One of the reasons why the market retreated quickly from that point.
I didn't have a good feel for the afternoon session. However, fading upward moves especially in the last hour was profitable. There were times when I thought that the selling momentum was decreasing, but the small caps this afternoon just refused to show any bullish signs. The large caps then fell, but stayed above the morning low.
Charles
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