IWM
SP'daily5
Trans
Summary
All those who have been shorting the indexes - and going long volatility, across this month have been seriously destroyed. Even worse, there is still NO sign of a turn/levelling phase.
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However, the near term count (see 60min charts) suggest we're getting real close to a top.
A decline from 1570/80s..down to at least the 1470s seems very viable by April/May.
Unless the Feds QE-POMO program is terminated, any such multi-week pull back will merely be another 'dip buying' opportunity.
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a little more later