This action in the market today is eerily similar to what we saw back in March. It is as if the market is trying to spook the longs out of their positions, clean out the weak hands, and then ramp higher yet again.
Notice the similarity so far from the action in March compared to the action here in July/August? You’d have to be blind not to see the same pattern recurring yet again.
Here’s the chart pattern I’m talking about:
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