Anyone hoping for a dead cat bounce, consider that most like you will likely sell into it, and the volume isn't there (100mm SPY traded, when the recent max, last December or so, was 260+ mm), so I don't think it will happen, and I don't think this is any kind of bottom. I'll stick with my earlier (as in a month or so ago) prediction of somewhere in the neighborhood of SPY 2,600. That should clear out the suckers and weak hands.......maybe stimulate some production out of trade talks instead of just more talk. This further unwinding could take some time - - - a few more weeks of chop with the EMAs being recaptured and then refailing. This impeachment insanity shouldn't matter but won't help if it continues.
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