SPX (ES) 10/10 low is 837, 10/27 was 825. That was why I wrote this before Open
Open 820 + - 10 points, quick move towards 800 area or a bit undercut below 800, stay there for minutes or a couple of mid-day hours, then bounce back up with HUGE vol and close above 840-850 area. This 走势 means 牛牛有希望了
SPX and Dow was holding due to xom, cop, cvx, c, ge, gs all at new lows or near lod, skf at new hod.
For bottom catchers: markets give only 1-2 chances to buy at real bottom, not hanging around there, for hours. Bottoms are impulsive, not hanging around there testing it for hours.
You think market is going to give everyone easy entry saying this is your bottom? If xom, cop go red it is over.
With $CPC 1.16 (over 1.1) today on reversal day, put buyers will be squeezed, in fact The big sqeezedid happen last hour.
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