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double bottom or not, wait and see. it's a little small so even it is double bottom, it might be just a temporary bottom.
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SPX gap fill from July… nibble long.. possible upside 50d SMA not sure.. more likely doji tight range?- Fryday .. fry those options .. decay.. .. if not lower trends
/ES undercuts yLOD.. blows out stops.. support possible here…
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maybe the rebound would be sold? just maybe. I still have no confidences in bears.
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fehro wrote:Indexes still weak.. SPY IWM have gap fill issues.. struggle to fill morning gaps.. it's all QQQs Bonds back off VIXes red
very interesting afternoon/close ahead..multiweek close at lows possible (strong sell), but with some bullish divergence possible too(reverse?). a landslide into close would help clarify,plz
lower lows on the cash
no lower lows on the INVERTED volatility (green arrows)
Options traders are not as bearish as spy and iwm........ at the moment.......
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.