On a higher timeframe basis: We held exhaustion above at $64,735-$66,145 with a $65,520 high, which I said could roll this into a correction exceeding $11,000—we have seen $35,315 so far, but this “correction” also has a trending structure to it.
The decent trade above $35,820 should bring in further pressure and I would take the bear calls from above OFF HOLD at that point.
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