I spotted a level and I was wondering if somebody claimed ownership.
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I think 75% retrace is where we start questioning the strength of the original move.
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I was hoping that finally there was some clarity in the market and the level in question was owned by the bears. Now I'm thinking it could be owned by the Illuminati. We'll see tomorrow.
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It's probably a good place to start accumulating a short position (SPY 243). I think it's a giant short squeeze. There's barely any buy volume.
