i dunno - i'm really torn here. it looks like a normal run-of-mill kinda downtrend to me.
however, bearish sentiment is high (which of course is bullish). but commercials have been increasing their short positions since mid-may (bearish).
stoch on the daily is close to oversold (bullish)....but it can remain so for longer than bulls can remain solvent.
based on funnymentals, we may be due for a period of distribution like pattern perhaps.
imo, t.a. looks bearish....but, i cannot for the life of me figure out what this ultimately means. new lows?? double bottom wouldn't be quite right.
heck - i'm too tired and just can't see what the intermediate pattern may be.
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i dunno - i'm really torn here. it looks like a normal...
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