Can't imagine markets not crashing tonight.
SPX Futures tested top of their 6 day old channel for the 4th time today and failed. Now testing the bottom for the 4th time. Surely its got no chance of holding and later testing the top for a 5th time.
Anyway, on the reasonable assumption it breaks - I've got about a 50pts channel width on SPX - so I get a drop of (currently down 40) + 50 =90 (10% drop) minimum tonight.
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Can't imagine markets not crashing tonight. SPX Futures tested...
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