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Bottom of the Box: 12480ish *PIC*

Protective stops uncovered today seemingly above the evens. Per 5hr, trend reversal confirmed on 12/13, with good continuation trading taking it higher despite long tails and likely fund "defense selling" at most rallies, making for frustrating trade (at least for me). Funds can only keep it up for so long until momentum kicks in, as we saw somewhat today. That said, funds are clearly in control, we can only wish for some sector rotation soon to lighten the load (I think they should cover their shorts here and buy Ripple! :) I agree with Juan in that systems were a bit friendlier today and hopefully the trend continues. Would like to see how market reacts to the bottom of the extended rectangle (per 5hr) as I suspect some real stops will be above 125.00, perhaps driving us higher to some of the major daily SMAs. Jack must be nimble in this market as sentiment seems to change on a dime. On we go...

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Bottom of the Box: 12480ish *PIC*
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