Responsive selling at the 4k level. Looks like there capital ready to sell anything that goes higher. Rejection occurred down to the bottom of the 3 day value area. A break south of there would push down to 38 or 37. The previous POC 4 days ago was at 37, which probably will serve as the Support.
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Initial rejection at the value area, still looking good for short
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Sorry, initial rejection at the edge of the value area.
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Auction is two sided at these levels. Would like to see another push down to see if we get initiating or responsive results.
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POC moved down to 3891... good sign. We are breaking down.