Option Investor
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I just wanted to sign in to note quickly that once be BIX fell below 80.76, it retraced half the day's range and has fallen back into the small rising channel in which it had been climbing off Monday's low. Bulls obviously don't want it to keep dropping and would like to see 30-minute closes back above 80.76, turning this pullback into a support test. It's at 80.40 as I type. This may mean nothing, but it's a heads up to bulls to keep an eye on stops as retracing more than half the day's range obviously isn't a good thing.

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