Bears Won't Give Up

Looking at what market participants are doing and ignoring the macro we see continued put buying in the face of every rally attempt. This is bullish in that strong rallies tend to end once the crowd has bought into the rally. This does not seem to be the case yet. I am weary because of how far we have come and the precarious macro situation. However, I still have to side with the bulls as this does not look like a top.

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