This market action on Friday set up a very bearish pattern of an outside day followed by an inside day. This pattern coupled with the anemic volume on Friday and you have a set up for a Ultra Short term sell-off.
On the short term front, the market has broken from the bearish diagonal triangle and is hanging on by a thread. Keep an eye on the trend line of the hourly chart I have attached to the post. We need a close below the trend line not just a move below. A break of this trend line on a closing basis should bring a break down in prices.
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