After Tuesday's expansion day, the market formed a light volume inside doji day in Wednesday's session. This is a pause day.
The move down does not look complete to me. We should at the least test the 50 day moving average. The 120 minute chart shows a bear flag pattern. We could fall right from here or bounce a bit more to complete a small A-B-C pattern.
Unless the chart morphs into something different, the downside appears to be the way we will be headed on the short term.
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