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Let me guess: The initial reaction was down, sounds like the job data was good, but not very good so folks on the 2nd thought feel that rate cut in June still is possible...
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For now the consolidation looks like a bull flag so maybe another leg up is more likely.
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Maybe a pullback here but the the pullback probably will be bought. This bull shall have legs.
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Intraday: inside day, consolidation after a big sell off is common.
Fearful market, calm before the storm is how I would describe it. I am on sell the rip only mode for the next few trading days. Patience, React, and don't Predict. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.
False breakout (as always), but the pullback likely would be bought and bulls will try the breakout again (as always).
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The rebound was a lower high (red arrow) which was not good for bulls, now might be a rebound here which if fail then bears are in control, key time.
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