On Tuesday, SRS printed a very bearish engulfing candlestick. It may move lower and test the lower trend line of the wedge. That's what looking at the candlesticks would indicate; however, I am favoring this being more of a head fake and the final push upward in the market on Tuesday as being the bulls simply refusing to roll over. Many bulls may believe the problems in the economy are solved and were just buying the dip while expecting new highs to soon come. The problem with this is there most likely isn't enough bulls in this pool to push it to new highs. The market really needs to correct first. With this rally being extended and extremely overbought, I believe SRS will grind it's way toward the top trend line instead of testing the lower line first.

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