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Don't know what pattern it is. Maybe a rebound then down again to make a 3 push down before a bottom can be possible?
Gap down open so could be a trend day either up or down.
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SOXS is attempting to squeeze. That makes sense.
More interestingly ERX is squeezing also. Yup that's the 2x bull XLE. Bull energy. Who knew. I guess it's the CPI
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The breakdown may mean it's a downtrend day if no sharp rebound current bar (which is typical breakdown then sharp reversal).
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