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May 15th midday analysis (My new account, old followers please close quickly)
Short-term currently balanced between bulls and bears, mainly oscillating
The 80,000-82,500 range is offset by ETF outflows and leadership transition positive news.
The key level of 83,000 is the institution's cost basis, a watershed of strength and weakness, with $78,700 recently serving as strong support.
Trading suggestions:
With no clear direction from the news, observe or trade within the range by selling high and buying low to ride the oscillation, and follow the trend if it breaks.
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