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Then problem with today is there is risk. Even if we get a small fake bounce. Lots of margin calls could easily sell it off again during the day.

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Trader Brian Jones

@MasterBJones

Jan 21

Trading update. I'm still in cash after taking my profit on the last bounce yesterday to S&P 4600. 4500 support didn't hold. We are now hoping the next trade will be an over sold bounce trdae. When Ever I think that might happen?

1:36 PM · Jan 21, 2022Twitter Web App

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Short market on the fake bounce? Or risky?

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Margin debt levels high VIX elevated but not nearly at panic levels Could see a bounce rally after a nice cleanse Doesn't have to be a wipeout in markets Could be but Fed can actually engineer a soft landing or thread the needle Rampid speculation abounds risk ain't off

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Need to washout to 200 day moving average. Should hold at least once. If not 4321 and 10 percent correction.