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Was the dip yesterday back to test prior ATH's that bad? From smaller time frame certainly dip yesterday seem worse than it really was. So far, we're seeing that 525 getting held overnight so far. But I still think at some point today there could be a nasty fake dip down to fill 523.86 gap. And run it back up to 527 creating new leg up. 4 hour sto has now seen it's first reset since May 1. All of this I really like the setup so far today and going in to next week - GDP/PCE data.

Or if we consolidate today and hold the 525 area, this is a good sign has well.

Good luck.

 

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