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[opinionated]

I believe so, Textbook IMO and the numbers I posted Monday all hit pretty darn close. Was expecting this rally off 1220 and said I was looking towards 1250-55, (Lower High) Now looking towards a lower-Low... I shorted yesterday at 1250 per my plan. I see a move in the next few days at or just below the 50dma at 1192. I believe I'll cover there for a small pause.. But going under that and holding predicts a much bigger move towards 1050! But one step at a time... I see Hangmen on all candles, Head and shoulders on the 30-60's and neg rising wedge on the 15m And Neg Div are all over... Me thinks the bulls are in trouble here... And see the recent move as short covering.... There is an outside chance of the lower TL at 1290 being tested but don't see that as probable. Good trades my friends...