Today’s price action in the YM (e-mini future for the Dow Jones) looks to be closing with a shooting star candle on very high volume, and is suggesting the impressive, and at times breathless rally of the past 6 months may be coming to a significant pause point. But whether today’s move lower is simply reflecting profit taking, or whether it is the first inkling of a serious correction remains to be, and will depend on this week’s remaining price action and volume profile.
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