We know that in the current market environment, any pickup in volume usually means more selling pressure coming from the smart money. While we’re in the middle of options expiration and the large institutional traders will bully the market around, the move we just saw shouldn’t have come as a major surprise. Just yesterday, I mentioned what would happen if we went below the lowest price from yesterday. In the video below I show you the charts and where I think the market is headed next.
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