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With no more new $ left after monday's s pop that was a bad sign and the system went into sell mode and confirmed it with a cross of the 10 sma below the 50. The selling without the new $ as expected continued on Tuesday.
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How did the market get here? The market was trading strong for weeks and the 50 sma was in an uptrend. Then on Friday the 50 sma started to slow down. Then came Monday and the new $. That Pop the market higher but worries about the FED caused a sell off.
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