Since the market was unable to hold onto the late day gains from Tuesday, professional trader Toni Hansen continues to use greater caution on longs as swingtrades.
I hoped you all fared well in on yesterday's strong intraday reversal action. The market actually had some great intraday patterns and followed technical indicators extremely well.
With crude plunging, the oil price side of yesterday's hypothesis appears to have some merit. However, the inverse relationship between oil and the e-SPM certainly has been severed...
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