The sprint on Friday was exhilarating but brief, as it quickly lost momentum. This is a clear sign of rejection trade, and should ideally lead to a full reversal aiming at the 21200s at least again or a potential deep dive to 20800. Having said that, we would draw some inspiration from the successful push above the peaks of 23rd and 30th of January both of which had seen heavy selling, even the run up did not find the momentum required to see a new record close.
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