Commentary

7/20/21 The Far Turn

Looks like yesterday was just some bozo selling. Prices came down to the 54 day SMA, which corresponds to the spot where the June breakout happened. Everyone smart enough to have a stop sell on this structure just got hosed, just like they probably deserved.

That being said, the current action resembles the area in the ellipse somewhat where the initial advance saw a reaction back to support. 422is an entry point on a relapse.

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