Friday May 16, 2025
I wrote this in Thursday AM letter:
For a trend pullback we typically see 3 things:
- Divergence after stretched run
- Failed attempt at new high - Usually a couple tests
- Break in key demand where RSI is sub 40
The first two already happened.
So we knew 5870 mattered.
On Wednesday I wrote: “A failure to 5870 is possible, but if it happen…
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