re: up by 50+ Well that’s the counter rally I have been talking about. I expect there will be another 50-80 points in it some time tonight or this week from current levels, but after this we should start the main leg down as per the historic cycles.
Options expiry this week I believe, so not sure what exactly we can expect later on in the week, but certainly this is your last chance to short before the main showdown.
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