Don't press your bullish bets

Mid-week market update: After yesterday's downdraft and red candle, the bears must be disappointed that there was no downside follow through. Yesterday's pullback halted at support, which was a relief for the bulls, but I would warn that the current environment is very choppy, and traders should not depend on price trends to continue.

At a minimum, the bulls should not press their bullish bets.

The full post can be found here.