Consensus Call

I don't like to be part of a growing consensus, but the market is still overbought and there is no reason to be aggressive on the long side until the market is oversold. The market has not been able to rally until it is fully oversold, which might not happen until late next week.

If the bulls are able to hold their ground this week than maybe a rally can start earlier but for now the best course of action is to wait.

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