Correction started a bit later than expected, but should continue. Be aware that we are at extreme positioning of Commercials and managed money. NetShort% of 50 is extreme! There is not that much upward momentum possible. On correction to long term average 13 handle is possible. I hope that's it for 2q17 and we can get bullish again, but I am not that sure.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.