SPY will steady trend downward and test 265. Leg then test 247
SPY will steady trend downward and test 265. If successfully bearish, Leg then test 247 by Thursday. Oil Deal will be a huge determination of trajectory of the new direction. I don't believe a deal will be made on Thursday. Even though Saudi & Russia are bleeding, they want to capture more market share and force US shale back. Keep an eye on the sharp VIX increase Thursday morning. It's about to get Volatile.
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