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After being a little pessimistic yesterday about further declines, I was greeted with another gap down today, which was most welcomed. Even so, the decline is jerky and hesitant, and I can’t think of a more painful way to attempt to return to the 50-day SMA, which we’re gradually doing as much through time at this point as we are through price:
Given the additional new low and immediate retracement, there’s not much I can do with the price action except what I have already been doing with it:
So, that’s what I have for the time being. There’s still a promising setup for bears here, and we’ll see if they can get some more. If they do, then Dystopia is back on the menu again.