This was the move I was expecting from that bearish formation on Tuesday. The resistance has held and now there's the stronger case for the head and shoulders pattern working out. Actually, wouldn't look too much into today's market move unless you just got crushed in a trade. I got most of the sentiment right...just a bit too early. The false patterns didn't help too much either. Keep trading ABC patterns. They don't always do what we want them to do...but when they do work...they provide great opportunities. Earning season is approaching again. We should start to see the big earning waves starting around the 13th. Have a happy 4th of July weekend and I'll see you in a week.
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