$CEI Bears had full control today, even during the controlled breakouts. I’m very suspicious at the lack of selling pressure whenever we were at support levels, there was just enough to balance out buying even though it was clear shorts had more ammo and could easily have had us retest the low of the day. It could have something to do with the holiday as others have said or there’s a bigger attack coming. If the market pulls back strongly tomorrow they will strike hard. If that happens the only counter we have is unexpected good news or just ride it out until there’s a catalyst. When we break the downtrend the run will be impressive, but we’re not there yet.
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