The bottom line, the short-term trend is down, not confirmed though, I closed short entered intraday before the close and still holding the trapped long overnight. Although I won’t be surprised if the market gaps up huge tomorrow morning as it’s very common for a top of some kind we see reversal of reversal of reversal, but no matter tomorrow is green or red, my guess is there’s more on the downside.
One trick today, when CPC <= 0.80, 18 out of 29 times (62%) a red day the next day. Well, some may consider this as bullish now because all the recent 6 cases were failed.
