tacosaurus

SPX possible inverse head and shoulders projects to 4260-4300

Long
SP:SPX   Indice S&P 500
I dont see us getting much over 4300 on any sort of relief, but the 4070-4110 gap is bound to fill very soon. combined with my short term bearish outlook on uup, I think there is a good chance we could get a push to fill in some of the gaps above. VIX exp expiration wed morning might start with some hedge unwinding to give some oomph for a short term bear rally to this 4300 level. medium term (1 month) I still am bearish but I think we have a good chance at a bear market rally here.

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