We came in today to see the S&P in somewhat of a range with buyers and sellers in a balance but after the move higher post open, we knew that the buyers had full intention and the sellers were likely stuck and just hoping to get out.
This will create a situation where any good looking bear setup candle will likely be a trap for buyers to slam right back in again and push the market higher back to new highs trapping more sellers on the wrong side of trade.
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