The short-legged doji today tells us that the in general upward rally has come to an end as the Fed may signal doveishness, but moderate doveishness. IG says clients are net short, but only slightly. It's clear the trend is up, but is Chinese growth picking up again or are we just hoping it picks up again? I'll scalp a three percent short and sleep easy at night.
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So the neutral Doji transformed into two bearish candles, but in the end the short-term trend is right. Albeit only .4 percent, but my view is still short.