- the rebounce looks like a flag to me - should the bull failed to breakout the resistance 2700ish i expect one more leg down and then we will see if there is double bottom can be made which is very bullish afterward?
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- priced failed at 50DMA and i stil expectl a lower leg - VIX term structure is still backward so market still lure as much BTFD as possible i believe .. when M1>M2 i will keep cautious
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key time ...
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goes as expected. Should market reverse near here or the dive not yet over