The losers I'm tracking seem even more confident than ever that we are going to go down big today. Will they get yet another serving of humble pie acompanied by a shovel to the face? I say the odds are high given their horrific track record.
Look, I know I said that a consolidation/correction is immanent but it looks like we need to see stuborn bears like this get humbled first.
The longer the market just hangs around like this in positive territory, the greater the chance we see a pop higher. The put/call ratio is moderately in favor of the bulls but not as much as yesterday.
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