As it stands right now, it looks more like taking a breather than running out of steam. However, as I said yesterday, we are in extreme overbought condition. And although 10thMountain was totally correct in pointing out that the overbought indicators persisted through the run up to .30, they still need to be respected because they do have validity. Its up to us to measure how we read and evaluate them and therefore, use them. The thing that troubles me with todays action is that the candlestick is forming a hanging man pattern, which is generally bearish (but not always).
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