The market's ability to break recent support and generally act odd is encouraging to Bears though this is very reminiscent of a couple of such episodes during the rally from March.
Each pullback does become more relevant, and this one, yet again, could be the one.
We'll be watching to see how the market acts at the mean reversion of a very steep uptrend, at 1055. I'd expect a bounce from there, and if that does not get above 1075 before going below 1055 again....
Well, no use getting that excited yet!
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