Option Investor
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I don't know yet what's playing out in the SPX price pattern but as I had shown earlier it would at least look best from a short-term perspective to see another leg down (with a downside target of about SPX 803). But the pullbacks continue to look corrective and that could indicate we're going to see an upside resolution (or more bearishly a fast breakdown).

The banking index (BIX) is making new lows here so following the money could be the smarter move.

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