That is bearish. The problem I see though is there are a lot of 'gurus' calling for down here. I guess ya all could be right one of these times, but usually when you're all in agreement, it goes the other way. Just an observation.
OTOH, if we do go down here, I get the feeling all the shorts that covered the past couple months will be hopping back on - viewing it as a failed rally. What a setup for an explosion that would be. In edit: These are interesting times...
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