ES is fighting to hold on the support, this one fail to support, Bears will have a good day in weeks to come. two down day this week good start for the bears.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
As I said, it was a news, now back to I have no idea stage.
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The theory. Tomorrow VIX options expire. VANNA pegging of the index goes away for a couple of weeks untill the big funds re-establish positions which of course forces the banks to start hedging.
4 d chess is knowing that the Fed and the major trading houses all are watching, and writing notes to clients. Did not stop the last 10% pullback.
No fear no bear, the higher the market push up the fear seems to pop up along side. everyone knows the upside is limited, but the power that be knows what they need to do, only one print away from the prosperity
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Not sure if this means a lower high therefore the range high was in. Some chances should be.
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Have to go out again, hopefully can be back before the close.
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