So, it would seem 11pts was all the bears could muster across two trading days, sp'1509 to 1498..and that was that. With the current price action, there is nothing to suggest this nonsense is ending any time soon Its fuelled by POMO $, which won't be ending for many months..if not years. What else do traders need to know?
sp'daily5
vix'daily3
Summary
Its looking increasingly dire, although of course, the bulls themselves should be laughing themselves silly at what is occurring today.
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A two day pullback of 11pts..and that seems to be all that's viable now.
Hopes of a retracement have to be trashed now for the foreseeable future.
