Courtesy of thetechnicaltake
Investors remain bearish, and buying into last week’s weakness continues to be the right play — so far. However, a positive outcome is far from certain especially since there is an apparent lack of conviction amongst the "smart money". Nonetheless, this is our "fat pitch" especially since we have defined our downside risk and where a failed signal might occur. Despite these concerns this is a dynamic market environment with the potential for big gains.
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