That being said, the ability to effectively hold the 16,400 area on a 30min basis, might be just enough to launch yet another bullish counter attack.
As I'm writing this, I see that indeed after penetrating that level, the market has pulled back to retest.
Could get very interesting from here.
Feel free to stop back often as should a turnaround occur, unless you're a futures trader, you're going to want some top notch proxies so as to benefit from the hard work you've already put in to this market.
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