2 days of the SPY
The morning Pull back messed with the technical model I was working with..... I haven't had a chance to work with it.... But my guess is 2 things...
This morning was a succesfull retest of the low. and suggests we have some near term upside.
Either:
- We will have upside till the morning.
- todays stregnth(if it maintians) could run into the short covering rally of 200-500 points
oil seems like it could move back to 126 this week...
The ViX broke the uptrend and is back in the 24.5 range.... which suggests a little rally
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