We got our large move this morning!!!
The Bullish options took a major hit today with this sell-off, the DOW and TRAN both have made lower lows, and the SPX is in risk of wave 4 entering wave 1. I am leaning towards the possibility that we are in P3 now, but will remain skeptical until I see some more signs that P3 is underway, like increasing sell volume, some major trendbreaks and confirmation on the MACD.
Nice work Columbia, we had fun today, the lounge was productive, see you tomorrow!
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