I just can't see how the market puts a long term bottom in here because of the timing.
This looks like the intro to a very difficult September/ October.
I believe that the bear rallies that will eventually come before the fall will fail.
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Right now there's so many traders buying puts, that some real buying pressure could force a massive (albeit short lived) squeeze.
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I think we are getting close to a bottom, I charted the SPY this morning; a descending broadening wedge formed.. I think the low will be the covid pre-high of $325. That is if no 'black swan' event occurs...
