SPY might bounce after these two retracement level. My bet is on 60% after market opens Jan 3rd. Be ware of wash and rinse and the market might overshoot the 60% level to run the stops then bounces.
Happy new year!!!
Komen
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haha it didn't wash and rinse at all. gap open and bounced my short vix position returned 20%+. a nice start of a year!