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The market is selling off again this afternoon. It is a sell-the-rip scenario currently. This is not a market that you really want to be long in. We will probably have to retest the lows and if they hold, that’s when you want to get long. You have a much smaller defined risk and more upside.

Currently it is a churning market. Churning markets are best avoided by all except proficient day-traders.

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