Click on Chart to EnlargeI just wanted to show the technical set-up today because it is a nice one for a short-term bearish trade. The 3 period RSI is a little overbought and the market failed to close above the minor swing high from late Sept.
All in all, it seems most likely that there will be limited if any upside short-term before a pullback for a few days. However, out of many sentiment indicators I follow, the short-term signals are more balanced than anything. So all I really have to go by is the technical set-up which is an intermediate uptrend, but one that may be weakening at least short-term.
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