Analysis:
Profile still in bearish structure with new key resistance level. At the end of the session Options Flow Cycle dropped below 1.0 which signals that the bottom is near. I am not going to add/initiate new shorts, rather waiting for a bullish pattern. I also included violet level which might be exploited tomorrow.
Strategy Status:
Trend following: short 4520 (Sept. 7)
Pattern: none.
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