Strong intraday Volume Retest of previous high Consolidation at the high Strong Bearish price action
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Scaling into this setup. Stop above 16900
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For some reason, U.S. spending is still high even though manufacturing jobs are being cut. 41,000 Californians filed unemployment claims this month. I'm not buying it lol 17000 may be the peak but I'm expecting a 10%+ correction.
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Hold steady here. Don't over do it. Be prepared for late year consolidation or high volatility.