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Hammercandle

KISS STRAT Big Top Part 2Wow what a hammer candle... inconceivable! Saw one of these 24 Feb, same size... gonna get a pullback, but probably not the next day. Loading up on puts here real risky. Some peeps got killed today betting the big gap down would lead to more selling, as every past gap did. Different today. In early trade VIX was barely moved on the big gap; Institutions were not loading up on puts... that was the clue to not to short the gap. Algos programmed to buy 3500, likely a bottom for now. An orderly grind to an inverted right shoulder might last two weeks, or less. Then a multiday rally will ensue, trapping bulls who think the bear market is over... such a vicious game we play. We are near the end of Wyckoff distribution phase E, which will blend with accumulation Phase A, perhaps this began today. During accumulation, a lower low is possible. More to follow on Wyckoff accumulation, which can last a year. The bear market ain't over, but early signs of a turn begin to appear.
TVC:SPXLong
by DaddySawbucks
19