I have gone mostly sidelines with the seasonal stock market bounce stuff, but also am not short a single thing.  With that disclosed, here is a gappy view of the SPY.

Does yesterday’s gap up on some Fed guy’s jawbone seem particularly healthy?  One would think that gap has a good chance of filling, just as the Santa gap did.  Those gaps from October and November would come into play if the market were to make lower lows to December.


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