Seasonal / Ichimoku / Market Analysis

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Today was a very interesting day. We begin the day going drastically higher but we close the day lower. In fact, we closed lower then yesterday’s low. This typically indicates a reversal day.
However, we aren’t going to jump to any conclusions. No reversal day can occur until the 60 minute sentiment is bearish. Today, closing price still does not indicate a bearish sentiment. It just indicates we are in a consolidation mode.
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