1. Warmer weather 2. Consolidation zone gonna provide momentum to following move 3. Long overweight hedge funds
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3.118 was the top. Time to go back to the bottom of the range 2.719
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Many people bought at very high level, profit taking and panic will hit.
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Highest volume of all days on key reversal day.
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As expected. My initial idea was correct, even though my timing was really off. Many big players unloaded in the rally and now it's time for the bears.