Nice little bounce earlier today. It was enough for a few participants willing to take the risk.
Who can truly say what will happen tomorrow?
A genuine reversal that could result in a sustained upside advance over the course of a few to several trading sessions?
Or more of the current downside trend, which has been in effect for the past few sessions?
Long ago when I used to hang out in the Wheat, First office in a small town in North Carolina, one of the commission brokers talking on the phone to a customer said, "It's hard to trade up into a down market."
And so is bottom guessing.
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