Hindenburg omen is lit
Good morning.
The market on Monday at the start of the week moved with volatile fluctuations all day, with the range trending downward. It transitioned to a boxed market with a 400-dollar range up and down. It’s hard to call it a stabilization, and risk sentiment is deteriorating.
Yesterday, I published an article stating that there were no bullish factors, and honestly I think that’s the key point. Since shorts are accumulated, there are sporadic short-coverings, but it seems the price is being held toward the upper end of the range.
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