This is all happening a bit quicker than I anticipated. I thought they could hold things together into Feb, but it's not happening.
The banks are absolutely getting killed. Margin calls are probably going to start kicking in again on other issues.
The set-up that would make the most sense would be a test of 741 SPX to get the double bottom buyers in, only to wash them out with a lower low in the 680 range.
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