Well sure it is.
But sometimes the trend for the short term, signals us for a potential reversal point only 0.5% change .I am not sure if this is the case now. You never know how it will be ended.
I see some weakness on all indices. Take a look at the Dow Jones Average index , 60 min chart. Negative divergence just sitting there and wait for the bears to show.
So be careful with longs here. As I published yesterday , I am short.
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