OT. US markets.
The ledge on ES got bought up after the measured move down. Amazing, but considering the power of the bull market, it may represent further distribution. There was no new high. Rule: The stronger the bull run, the more prolonged the distribution period.
I'm still bearish after the steep sell off late in last night's session. And there's another ledge forming.
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- Afternoon trading April 5
Afternoon trading April 5, page-25
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