FEAR will overrule Charts, Fundamental, commonsense and rational thinking as it shows today.
3 was broken and will the selling continue in NY ??
Some stops got hit and if the selling continue in NY there is a possibility 3 will become the new resistance and it may go lower again.
Have now taken some losses and reduced long positions just in case, preserving capital is sometime more important than chasing profit as the risk has grown far too big.
There will be another opportunity.
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