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Major Pullback2 has effectively resumed.
Updates from market internals
Market breadth has firmly turned down, and is forming a pattern that increases the likelihood of more selling. The percentage of bullish stocks have also turned down, thereby confirming the bearish market breadth.
The fact that market breadth has gone bearish while prices are still making an attempt to rise creates a bearish divergence. And bearish divergence tends to lead to big sell-offs.
The rest of this article covers:
Updates from market internals (more)
Support and resistance levels
Low-risk high-reward trade setups to consider
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