8/26/21 The Far Turn

The three powerful white candles, beginning last week Thursday, no doubt convinced panic sellers that things were actually just fine. Of course, it was better to reduce size this week than last week.

The seasonality issues with September/October are worth taking into account.

XLI hasn’t made a new high and is a bad day away from testing the recent low around 102. However the overall chart seems more bullish than bearish.

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