mikemargin: If the bill passes, IMO the probabilities that a SPY medium-term low is in, is very high. However, listening to the House arguments today, it is not clear to me the bailout is going to pass. If it does not pass, I have no downside primary target. I'll exit post haste and likely stand aside and watch to see how my OB/OS models cycle.
I'll be keeping an eye on the FIB move projection numbers below the current lows...
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