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The last year. If not the last week. We see the vix picking up as well. Unsurprisingly. Another times during the week, there isnt much fundamental news coming throughout the day, it is more the gyrations and ripple effects that are continuing during the selloff as investors and traders try to position themselves. Technical levels are becoming more important as well. Take a look at the bloomberg. Here is the s p 500 with its moving averages. I want to zoom in on it to give you a look at what is happening in todays session. What you had here, here is that 100 day moving average. Right now, we are right smack addict. 26. 39 is that level. Give it a day, we fell below it and bounced back up. There was a note from Michael Close that said if we do more definitively below it, then we could see more momentum down toward the 200 day moving average, which is at 2538. This is something that traders are continuing to watch. Lets take a look at ....
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