More from psychological standpoint, shorts were hammered on the blow up, and longs were hammered on the historic drop, and now no one buys at these highs.
Trump encourages Fed to lower rates and pretend like they are on the opposite team, infact they are in unison, and so Fed lowers. Other CBs will follow.
Fundamentally and technically supportive, but I dont share indicators.
Previous short was closed in profit but TP not hit, now, a long.
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