$spy $spx $spxl $spxs What is going on!? Did everyone just get a stunt pulled on them? The futures chart has not made new highs yet which still leaves room for this being a big corrective drop to (C). Let's see what happens! We're on a razor's edge of knowing..
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history refresher:
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Interesting divergence in the put/call ratio. Normally calls outweigh puts as price goes up.
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I'm still short. This looks like the traditional place to hit the buy button and go long but we've got some larger divergences at play that this.. I am expecting a bounce here but I wouldn't trust it...
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keeping an eye out for potential xabcd harmonic bullish pattern (butterfly?).. butterfly patterns have a wide range (1.21-1.61) from X-D.. so idk- just something to watch:
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I wouldn't count on new highs. It could happen but I seriously doubt it. I think we're rolling over and the next drop could happen in a flash. It will most certainly catch almost everyone off guard...
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hmm, maybe the classic shake & bake M pattern
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Exactly what happened
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