| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Flat |
Momentum has today turned flat. The Type-A Bullish divergence is starting to do its job. I expect we’re 2-days into a bounce that will see the market head back toward 4730 to 4790 in the coming week or two. In an ideal situation this bounce will be a selling opportunity but we must ensure volume dries up on the strength. It may also be enough to flick the daily and weekly trends back to UP but we’ll take it one day at a time. Our immediate goal is to defend open short positions and for more aggressive traders perhaps looking at a few ‘hit and run’ long trades.
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