Wining streak came to an end after mkt again toppish at the same level like yesterday, 90++.. Early steam fizzled out and profit take mode for most of the day. Lack of convincing positives from the rest of mkts sparked long liquidations but generally selling was under control. Existing bulls taking bet on stronger DJ tonightStill an uptrend mkt, not really a defensive play yet, taking a breather kind of thing, but allowing 7SMAs to catch up with the mkt pace. In a way it also make fresh upside “looks” more sustainable in teh future. Bears still inside the cave but with eyes open wide after today!
With today’s weakness, wait to long at major support lvl, like at least 7SMA or if mkt regains 88 mark again.
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